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Alumnus donates Berkshire stocks to US Foundation of IITKGP

Press Trust of India  |  Kolkata 

The president of Berkshire Hathaway Group and IIT-Kharagpur alumnus Ajit Jain has donated stocks of the company to IITKGP Foundation US for his alma mater.

An executive body member of IITKGP US Foundation said today till very recently the institute had been receiving only monetary donations.

However, in a recent development IITKGP has been encouraging donation of stocks and to the institution, an IITKGP spokesperson said.

Ajit Jain, distinguished alumnus of IITKGP has held various positions at top-tier management consultancy McKinsey & Company until 1986 when he joined Berkshire Hathaway.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 13 2017. 16:32 IST