Rs 32 crore donation to Mumbai University

MUMBAI: The University of Mumbai has received its largest private donation from an old boy in the city. A commerce graduate from Podar College, Asit Koticha (52), chairman and founder-promoter of the ASK Group -- a financial services and investment company -- gifted his alma mater a purse of Rs 32 crore, to set up an international convention centre and a school of philosophy. But the plans drawn up for the project require roughly Rs 100 crore for execution, and Koticha says he is talking to some of his friends to chip in too.

Probably the largest gift that a conventional Indian university has received in recent times has enthused the university heads, who have drawn up mega plans for its utilization.

Read more: Old boy lavishes Rs 32 crore donation on Mumbai University - India - The Times of India http://timesofindia.indiatimes.com/india/Old-boy-lavishes-Rs-32-crore-donation-on-Mumbai-University/articleshow/6428943.cms#ixzz0xaFikYTx