MUMBAI: Sahara India Pariwar has announced an award for the Indian sportspersons winning medals in the London Olympics. Sahara will be awarding 5 kg, 3 kg and 2 kg gold medals to athletes who win Gold, Silver and Bronze medals respectively.

For the team sports the 5 kg of gold will be equally distributed amongst all the members of the team winning gold medal, 3 kg of gold amongst the members of the team winning silver medal and 2 kg of gold amongst the members of the team winning bronze medal, in the shape of medals.

Sahara India Pariwar managing worker, chairman Subrata Roy Sahara said, "I strongly believe that there can hardly be any appreciation which can equate the undaunted efforts put in by the players who emerge victorious in the prestigious Olympics and bring the much coveted honour to our motherland. This reward is a small token of appreciation from us to the sportsmen to achieve great success and bring laurels to our beloved nation by procuring such highly acclaimed international distinctions".

Sahara which sponsors various sports teams recently announced its decision to purchase the Lucknow franchise in the Hockey India League.

MUMBAI: Sahara India has appointed Arpit Agarwal as head of its Strategic Management Advisory Group (Media & Entertainment).

Sources in the company confirmed the development.

Prior to Sahara, he was head ? operations at Fremantle India Television Productions since November 2009.

Agrawal comes with over 16 years of experience in media industry in India and Asia Pacific region. He has spent over seven years in NDTV in its creative team. Later, he moved to production business. He also worked in Singapore for four years, working for Bang Singapore and VHQ TV.

In 2008, he joined Miditech as business head and later moved to Balaji Telefilms and head of operations.

Agrawal was not reachable till the filing of this report.