Complex sentence: The Indian Institute of Management, Ahmedabad instituted an endowment in his memory IIM Ahmedabad 27th Annual Report, 1988-89 which has funded 6 editions of the IIMA Conference on Marketing Paradigms for Emerging Economies, which also awards the Labdhi Bhandari best paper award.
Split into simpler sentences: The Indian Institute of Management, Ahmedabad instituted an endowment in his memory IIM Ahmedabad 27th Annual Report, 1988-89. This endowment has helped fund 6 editions of the IIMA Conference on Marketing Paradigms for Emerging Economies, which also awards the Labdhi Bhandari best paper award.