Sahara to buy stake in Mallya's Force India F1 team

Updated: 12 October 2011 14:29 IST

With just over a fortnight left for India's first ever Formula One race, Force India's Vijay Mallya is set to sell some stake in his F1 team to Subroto Roy's Sahara Group.

Sahara to buy stake in Mallya's Force India F1 team
©

New Delhi:

With just over a fortnight left for India's first ever Formula One race, Force India's Vijay Mallya is set to sell some stake in his F1 team to Subroto Roy's Sahara Group.

The two corporate honchos will sign an agreement today in Delhi. However, the exact quantum of the stake and financial details are still not known.

Vijay Mallya bought the Spyker F1 Team in 2007 for about 90 million euros and and named it Force India. The only Indian team on the F1 grid is currently lying on the sixth position.

Topics : Formula 1 Kevin Pietersen Nico Hulkenberg Kimi Raikkonen Adrian Sutil Force India Giancarlo Fisichella
Related Articles
Valtteri Bottas Named Lewis Hamilton's New Teammate At Mercedes
Valtteri Bottas Named Lewis Hamilton's New Teammate At Mercedes
David Beckham, Ron Dennis Square Up At New Year's Eve Show In Maldives
David Beckham, Ron Dennis Square Up At New Year's Eve Show In Maldives
Daniel Ricciardo Rules Himself Out To Replace Nico Rosberg at Mercedes
Daniel Ricciardo Rules Himself Out To Replace Nico Rosberg at Mercedes
Show Comments
Advertisement