Mumbai, June 2 -- Global investment firm KKR announced on Tuesday that it would finance the Manipal Group with $600 million, making this the firm's largest credit investment in India.

The investment, arranged by KKR Capital Markets and anchored by KKR's private credit and insurance platform, will enable the Manipal Education and Medical Group (or the Manipal Group) to accelerate its corporate expansion and growth objectives by providing flexible, structured capital matched to its long-term strategic needs, the two entities said in a statement.

"KKR's longstanding India focus and flexible capital approach, as well as alignment with our long-term vision, present a strong fit for us," Dr. Ranjan Pai, chairman of the Manipal Group, said in ...