Mar 30, 2007

Mumbai University may tap capital market

Mumbai University is likely to become the first-of-its-kind in the country to tap the capital market for the much-needed resources to upgrade quality of education and expansion plans.
With the increasing student population and inability to provide the required facilities, the university has mooted the idea of getting itself listed on the Bombay Stock Exchange and will conduct a feasibility study for the purpose, Vice Chancellor Dr Vijay Khole told PTI today.

"In this regard, we have made a proposal at the Senate meeting held yesterday to conduct a feasibility study by our academics, and asked for an allotment of Rs 2 lakh," Khole said.

This is a proactive step taken by the university to improve the funding of the university and also to go global in the near future, he added.

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