The agreement of U.S. $ 100 million was announced at a press conference today in New Delhi. Team boss Vijay Mallya delas retains 42.5 percent shares, and the remaining 15 percent of the remaining shares are held by the family Mol, who became co-owners during the era when the squad was called Spyker.
The head of Sahara, Subarata Roy Sahara, said: "India is reaching new challenges in all areas, including motorsport, Formula 1 has always remained a stronghold of the Western world, the advent of India in this exciting sport remains a source of pride for all.
"I am doubly proud that Sahara is co-owner of the only F1 team in India and I am sure that through the Sahara Force India F1 we will bring pride and laurels of our beloved nation."
Mallya also welcomed the agreement, which was completed in just over three weeks before the inaugural Grand Prix of India.
"I am delighted to welcome Subrata Roy Sahara Saharasri as chairman of Force India Sahara," he said.
"In fact, it has been a source of pride for me to put India on the map with Force India F1 team and its performance at the current levels.
"The Sahara Group has played an important role in the development of sport in the country and is an ideal partner to give Force India F1 Team more success in the FIA Formula 1 World."
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