KKR mulls buying out road assets of Indian shadow lender IL&FS

Private equity firm KKR & Co., which completed raising a $7.4 billion infrastructure fund last month, is evaluating infrastructure sector buyouts in India, two people aware of the development said. The fund is building an infrastructure team in the country, and is eyeing some of the road assets of beleaguered IL&FS Transportation Networks Ltd (ITNL), the people cited above said on condition of anonymity.