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News Update as at 18.00 hrs (IST)


General
Wharton dedicates auditorium after Dhirubhai Ambani

NEW YORK: Dhirubhai Ambani may have never earned degrees from prestigious B-schools but he did earn a big name as a businessman -- as a tribute to which the Wharton School has named a 300-seat auditorium after the late founder of Reliance Group.

The auditorium was dedicated at a special ceremony in Philadelphia yesterday with a multi-million dollar gift from Anil Dhirubhai Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group.

"I am a very proud wife and an even prouder Indian as we commemorate the life and legacy of one of the world's greatest wealth creators of the modern era -- my husband the late Dhirubhai Ambani,'' wife of late Dhirubhai Ambani, Kokilaben said on the occa sion.

''We are honoured to have this outstanding opportunity to pay lasting tribute to Ambani and the companies he built, and the important role he played in India's economic growth, Wharton Dean Patrick Harker said.

"We are deeply grateful for this outstanding gift (from Anil Ambani) and are proud to name this prominent facility for Dhirubhai Ambani,'' he said.

The auditorium would be in Jon M Huntsman Hall of the University of Pennsylvania.

In June 1998, the Wharton School of the University of Pennsylvania had awarded the Dean's Medal to Dhirubhai Ambani for setting an outstanding example of leadership. He was the first Indian and only the 24th globally to have received this honour then.

He was recognised for his work as chairman of Reliance Industries and for his role in revolutionising the concept of investing in India through the creation of wealth and value for millions of shareholders. - PTI

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