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1-min read

Rio Olympics 2016: Indian Businessman Announces Cash Prize for PV Sindhu, Sakshi Malik

Mukkattu Sebastian, who is based in UAE for four decades, announced a prize money of Rs. 5 million for silver-medallist PV Sindhu and Rs. 2.5 million for bronze medal winner Sakshi Malik.

Press Trust Of India

Updated:August 21, 2016, 12:50 PM IST
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Rio Olympics 2016: Indian Businessman Announces Cash Prize for PV Sindhu, Sakshi Malik
PV Sindhu (L) and Sakshi Malik. (Getty Images)
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Dubai: An Indian businessman here has announced a cash prize of Rs. 5 million for India's silver-medallist badminton player PV Sindhu and Rs 2.5 million for wrestler Sakshi Malik for winning the bronze medal at the Rio Olympics 2016.

Mukkattu Sebastian, who is based in UAE for four decades, announced the prize money for Sindhu, who became the youngest and the first-ever woman to win a silver medal at the Rio Olympics, the Gulf News reported.

Sakshi, meanwhile, is the first-ever woman from India to win a medal in wrestling at the Olympics.

"These two girls saved the face of India at Rio. I am so proud of them and wanted to honour them with a cash award," Sebastian said.

"I am not a very rich person. But I want to do whatever I can," he said.

Sebastian, who is from Kottayam district in Kerala, also owns Mukkadan Plantations there and Autobahn Car Rentals in Bengaluru. He said he had kept Rs. 10 million as the cash prize for gold medallists and had hoped Sindhu would win gold.

He plans to host a function in Kochi to honour the Olympic medalists who made India proud.

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