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Force India to appear on Mumbai stock exchange?

Formula One's new favourite team, Force India, may be included in a plan to offer some of the sub-continent's leading sports franchises on the Mumbai stock exchange, if plans mooted by owner Vijay Mallya come to fruition.

The multi-business tycoon has revealed that, such has been the interest in his various motorsport, cricket and soccer operations, that he is considering plans to combine them under a single umbrella for flotation in 2010.

"So many people are wanting to invest that I said 'why don't we put all the sporting assets under one company and list it?'," Mallya told Reuters at Monza, "That's what we are working on right now. When I paid $115m or whatever it was for my cricket franchise, everybody said 'wow', but now they are talking about valuations up to $300m, so it's not a question of only a financial investor. I think a lot of people will invest because there will be a combination of prudent financial investment and passion."

As well as the Force India team, which has sprung to prominence following Giancarlo Fisichella's pole and second place in the Belgian Grand Prix and Adrian Sutil's front row start in Italy, Mallya also owns the Indian Premier League's Bangalore Royal Challengers cricket franchise and has 50 per cent stakes in Kolkata-based Mohun Bagan and East Bengal football clubs. All four could be brought together under the UB Sports banner - named after Mallya's United Breweries concern - but that little had been decided with planning at such an early stage.

"Right now, it's just past the concept stage, [and] we have advisors working on it, so it will take a few months," Mallya confirmed, "Then we need to ensure compliance and stuff like that with the securities and exchange board of India. Ultimately, the first quarter of next year should be an achievable target."



Related Pictures

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Force India boss Vijay Mallya [Pic credit: Force India]
Sahara Force India F1 VJM10 cockpit detail.
22.02.2017.
Sahara Force India F1 VJM10 rear wing and engine cover detail.
22.02.2017.
(L to R): Esteban Ocon (FRA) Sahara Force India F1 Team with team mate Sergio Perez (MEX) Sahara Force India F1 and the Sahara Force India F1 VJM10.
22.02.2017.
(L to R): Andrew Green (GBR) Sahara Force India F1 Team Technical Director; Sergio Perez (MEX) Sahara Force India F1; Dr. Vijay Mallya (IND) Sahara Force India F1 Team Owner; and the Sahara Force India F1 VJM10.
22.02.2017.
(L to R): Sergio Perez (MEX) Sahara Force India F1 with Alfonso Celis Jr (MEX) Sahara Force India F1 Development Driver and Esteban Ocon (FRA) Sahara Force India F1 Team.
22.02.2017.
(L to R): Andrew Green (GBR) Sahara Force India F1 Team Technical Director; Sergio Perez (MEX) Sahara Force India F1; Dr. Vijay Mallya (IND) Sahara Force India F1 Team Owner; Esteban Ocon (FRA) Sahara Force India F1 Team; Robert Fernley (GBR) Sahara Force India F1 Team Deputy Team Principal, and the Sahara Force India F1 VJM10.
22.02.2017.
(L to R): Dr. Vijay Mallya (IND) Sahara Force India F1 Team Owner with Sergio Perez (MEX) Sahara Force India F1 and Esteban Ocon (FRA) Sahara Force India F1 Team.
22.02.2017.
(L to R): David Croft (GBR) Sky Sports Commentator with Sergio Perez (MEX) Sahara Force India F1 and Esteban Ocon (FRA) Sahara Force India F1 Team.
22.02.2017.
(L to R): Alfonso Celis Jr (MEX) Sahara Force India F1 Development Driver; Sergio Perez (MEX) Sahara Force India F1; Dr. Vijay Mallya (IND) Sahara Force India F1 Team Owner; Alfonso Celis Jr (MEX) Sahara Force India F1 Development Driver, with the Sahara Force India F1 VJM10.
22.02.2017.
(L to R): Sergio Perez (MEX) Sahara Force India F1; Dr. Vijay Mallya (IND) Sahara Force India F1 Team Owner; Esteban Ocon (FRA) Sahara Force India F1 Team, with the Sahara Force India F1 VJM10.
22.02.2017.
(L to R): Sergio Perez (MEX) Sahara Force India F1 with team mate Esteban Ocon (FRA) Sahara Force India F1 Team and the Sahara Force India F1 VJM10.
22.02.2017.
Sergio Perez (MEX) Sahara Force India F1 and Esteban Ocon (FRA) Sahara Force India F1 Team unveil the Sahara Force India F1 VJM10.
22.02.2017.
Sergio Perez (MEX) Sahara Force India F1 and Esteban Ocon (FRA) Sahara Force India F1 Team unveil the Sahara Force India F1 VJM10.
22.02.2017.
Otmar Szafnauer (USA) Sahara Force India F1 Chief Operating Officer.
22.02.2017.
(L to R): Esteban Ocon (FRA) Sahara Force India F1 Team with Otmar Szafnauer (USA) Sahara Force India F1 Chief Operating Officer.
22.02.2017.
Esteban Ocon (FRA) Sahara Force India F1 Team.
22.02.2017.
Dr. Vijay Mallya (IND) Sahara Force India F1 Team Owner.
22.02.2017.

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sagar - Unregistered

September 13, 2009 3:31 PM

DR VIJAY MALLYA IS A GREAT INDIAN ONE SHOULD BE PROUD AND TAKE INSPIRATION FROM HIM THERE MIGHT BE MANY BILLIONARES IN OUR COUNTRY BUT HE IS ONE OF A KIND UNCOMPARABLE I CAN NEVER FORGET THE EVENT WHEN HE BOUGHT BACK GANDHIJI'S BELONGINGS.



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