Murdoch, Shankar's Bodhi Tree to invest $600 million in ALLEN Career Institute

Bodhi Tree, the investment firm backed by James Murdoch and former Disney executive Uday Shankar, is investing $600 million in ALLEN Career Institute. Bodhi Tree said that its investment in the 33-year-old test prep institute is strategic in nature. Founded by Rajesh Maheshwari in 1988, ALLEN operates 138 classroom centres in 46 cities across India and the Middle East.