New Delhi, January 23: 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. Amitabh Bachchan and Abhishek Bachchan Are Keen on Entering IPL; May Have a Minor Stakeholding in Rajasthan Royals.

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.

(The above story first appeared on LatestLY on Jan 24, 2019 10:48 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).