New Delhi, Feb 10: Hero Honda, an associate sponsor of the IPL, on Wednesday, Feb 10, denied reports suggesting that they have bought stake in Kings XI Punjab team.
"The current media reports about Hero Honda buying stake in Kings XI Punjab is completely baseless and untrue. We have not had any discussion in this regard either," Hero Honda said in a statement.
The statement also said, "Hero Honda's association with IPL as an associate sponsor and the main team sponsor of Delhi Daredevils team remain unchanged."
Earlier on Wednesday, Feb 10, media reports claimed that Hero Honda have bought stake in Bollywood star Preity Zinta co-owned Kings XI Punjab for $260 million.