Bodhi Tree to invest Rs 4,500cr in ALLEN, build biggest Indian test-prep co

Deal likely to close in three months

After Reliance and Viacom18, Bodhi Tree Systems, a platform of James Murdoch's Lupa Systems and Uday Shankar, has announced a $600 million (over Rs 4,500 crore) investment in a strategic partnership with ALLEN Career Institute to build India's biggest test-prep company.

The transaction is expected to close within three months and is subject to closing conditions and requisite approvals.

A newly-formed platform between Lupa Systems Founder and CEO James Murdoch and Uday Shankar, the former president of The Walt Disney Company Asia Pacific and former Chairman of Star and Disney India, Bodhi Tree Systems is also backed by Qatar Investment Authority (QIA),