Global investment firm KKR, emerging markets financial services investor LeapFrog Investments and Indium V, an investment vehicle advised by India Value Fund Advisors, have received board approval from Magma Fincorp, an India-based non-banking finance company, to invest INR5 billion (approximately US$80 million) in the company. KKR, Indium V and LeapFrog will invest INR800 million (approximately US$13 million), INR2.2 billion (approximately US$35 million) and INR2 billion (approximately US$32 million), respectively. The transaction is subject to customary regulatory approvals.