James Murdoch-Backed Allen Career Institute Is Said to Consider India IPO

Allen Career Institute, an Indian education services company backed by James Murdoch and ex-Disney executive Uday Shankar, is considering an initial public offering in Mumbai, people familiar with the matter said.

The company, founded in 1988 in the northwestern state of Rajasthan, has been in discussions with investment banks about a possible listing and is expected to formally appoint advisers soon, according to the people, who asked not to be identified because the information is private.