Tags: Denial , Purchase , Kings XI Punjab , Hero Honda , New Delhi

New Delhi: Two-wheeler giants and IPL associate sponsors Hero Honda today 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-wheeler 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 BCCI-floated IPL and Delhi Daredevils, one of the eight franchises in the Twenty competition, continue to be the same.

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