News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 20 years ago
Rediff.com  » Business » Ambani to set up sports scholarship

Ambani to set up sports scholarship

Source: PTI
February 14, 2004 17:04 IST
Get Rediff News in your Inbox:

Various corporate houses and private banks, including Aditya Birla Group, Hindustan Lever, Sahara Group, Bank of America, ANZ Grindlays, ICICI Bank, ABN Amro and HSBC have contributed about Rs 30 lakh (Rs 3 million) to Reliance Group's Anil Ambani's proposed sports scholarship fund.

Sources close to Ambani, who is participating in the Mumbai marathan on Sunday, said more than a dozen corporate organisations have pledged close to Rs 30 lakh for the purpose.

In addition to corporate houses, Bollywood icon Amitabh Bachchan and Samajwadi Party general secretary Amar Singh have also made contributions to the fund.

The Mumbai marathan is being sponsored mainly by Standard Chartered Bank.

The amount collected would be used for setting up an appropriate sports scholarship.

Other corporate houses, which contributed money are Godrej and Intercontinental Hotels.
Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!