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Money Control

Morgan Stanley Infra invests Rs 180 crore in LEAP India

Morgan Stanley Infra invests Rs 180 crore in LEAP India
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Morgan Stanley India Infrastructure on January 21 said it has invested Rs 180 crore to acquire stake in LEAP India. Founded in 2013, LEAP India is an asset pooling company dedicated to providing dependable and cost-effective solutions to supply chains across India, according to a statement.

The company has an asset pool of approx 4 million units, including pallets, foldable large containers (FLC), crates and utility boxes, it said. LEAP now aims to achieve a total asset pool of 6 million and provide technologically advanced products to the market, its founder promoter and managing director Sunu Mathew said.

Its business is linked to India's consumption story and primarily caters to fast-moving consumer goods (FMCG), consumer durables, beverages, e-commerce, retail, auto and auto-component manufacturing sectors, Morgan Stanely said in the statement.

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