The auction for Prime Minister Narendra Modi's monogrammed pinstriped suit ended on Friday, with the winning bid fetching Rs. 4.31 crores.
Diamond merchant Hitesh Patel placed the winning bid, stating that he would like to keep the suit in his office.
"We will keep the suit in our office as a reminder of the noble cause we took part in," Patel said, after he was announced as the winner of the auction.
The pinstripe suit in question was gifted to the Prime Minister by NRI businessman Rameshkumar Bhikabhai Virani. Prime Minister Modi had worn the suit while attending the Republic Day Parade.
Proceeds from the auction will be used in the 'Namaami Gange' project which is a government initiative.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app