New Delhi: The Sahara Group has sought Supreme Court's permission to sell its shares in the Force India Formula 1 team as part of its effort to raise funds for the release of conglomerate's jailed chief Subrata Roy.

The Group currently owns 42.5 percent of shares in the team and the same amount of shares are with troubled businessman Vijay Mallya. The remaining 15 percent is with the Mol family of the Netherlands.