We have not bought any stake in Kings XI Punjab: Hero Honda

New Delhi, Feb 10 (PTI) Two-wheeler giants and IPL
associate sponsors Hero Honda Wednesday rubbished media
reports, which claimed that they have bought stake in Indian
Premier League franchise Kings XI Punjab.
The company said categorically that such a move was never
discussed at any level.
"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,
world's largest two manufacturers, said in a statement.
Media reports this morning claimed that Hero Honda have
bought stake in Bollywood star Preity Zinta co-owned Kings XI
Punjab.
The Hero Honda also asserted that their association with
the Board of Control for Cricket in India-floated IPL and
Delhi Daredevils, one of the eight franchises in the T20
competition, continue to be the same.
"Hero Honda's association with IPL as an associate
sponsor and the main team sponsor of Delhi Daredevils team
remain unchanged," they said in statement.
The third edition of the IPL will begin on March 12 with
opening match between reigning champions Deccan Chargers and
Kolkata Knight Riders in Hyderabad, the capital of India's
southern state Andhra Pradesh. PTI