KKR buys majority stake in LEAP India

Mumbai: Global buyout major KKR on Wednesday said it has acquired a majority stake in pallet pooling platform LEAP India. In a statement, KKR said the investment builds on macroeconomic tailwinds and logistics is expected to play a critical role in driving India's growth in the next 25 years. The company, however, did not disclose the financial details of the transaction. The transaction is expected to be completed by September, subject to customary pre-closing and closing conditions.