Paris municipality will allocate 50 million euros for restoration of Notre Dame cathedral which was heavily damaged because of fire, Mayor Anne Hidalgo said.

LVMH group and the family of its CEO Bernard Arnault said they intend to donate 200 million euros for restoration.

French billionaire François-Henri Pinault pledged 100 million euros to help in the reconstruction of the cathedral.

The fire broke out at around 6:30 pm Monday, and the roof, the clock and spire was damaged. According to preliminary reports, the fire started during the restoration works. The French authorities said large fire has been extinguished.