Sahara seeks SC nod to sell F1 shares

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. Rest 15 percent is with a Dutch family.