Bollywood megastar Amitabh Bachchan has denied that his family was interested in picking equity stake in any of the franchises of the cash-rich Indian Premier League (IPL).
"This news is incorrect," Bachchan told IANS when asked about media reports on the issue.
Earlier, there were reports that the Bachchans had approached the Chennai Super Kings and Rajasthan Royals with proposals to buy stakes in the franchises.
While the talks with three-time champions CSK were reportedly unsuccessful, discussions with the Royals did not progress beyond the first round.
Interestingly, the Bachchan family already has stakes in Indian Super League (ISL) franchise Chennaiyin FC and Pro Kabaddi League (PKL) franchise Jaipur Pink Panthers.
--IANS
tri/ajb/prs
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app