The consortium includes Andre Desmarais, a Canadian entrepreneur, Jonathan Dudman of Monaco Sports and Management, John Idol of the fashion industry, John McCaw of the telecom industry, Michael de Picciotto a finacial expert, and Silas Chou who is Stroll's business partner.
Founded and co-owned by Indian businessman Vijay Mallya, the team was put into administration in the United Kingdom on July 27.
The team was put under administration in July following legal recourse is taken by current Force India driver Sergio "Checo" Perez in order to counter wind down or winding-up petitions that were initiated in a court of law by other creditors that were owed money. It's being said that all the creditors will be paid in full and all the 405 employees of the team will be retained.
Force India Chief Operating Officer Otmar Szafnauer worked with the administrators - FRP Advisory LLP - to find a buyer, with the Stroll-led consortium emerging as the bidder of choice.
Mallya and Sahara had a 42.5 percent stake each in Force India while Mol Family owned 15 percent.
"At Force India, our expertise and commitment have meant that we have always punched above our weight and this new investment ensures we have a bright future ahead 0f us".
"This agreement secures the future of the Force India team in Formula One and will allow our drivers to compete with confidence", read a statement.
"It is rare that a company can be rescued and returned to a position of solvency", added Rowley. Lawrence Stroll wants his son in a auto more competitive than the Williams FW41, and the announcement of a transfer to Force India for 2019 is anticipated.
Joint administrator Geoff Rowley said funding to support the team would be made available immediately with "significantly more" once the company emerged from administration.
Since their first season in 2008, Force India have gone on to become a strong midfield team, finishing fourth in the past two seasons.
"The quality of the various interested parties has been impressive and required careful consideration as the administration has progressed", he said.
He has been backing Williams through support for his son Lance, who has driven for the British team since making his F1 debut last season.
"As a result of a serious process, we finally received a very strong offer to save the company and restore solvency", he said.