Ambani Denies Interest in Bidding for IPL Cricket Franchise

India's second-richest man, Anil Ambani, denied a claim from Indian Premier League Chairman Lalit Modi that he may bid for a franchise in the Twenty20 cricket competition.

``We categorically deny any interest as claimed by Mr. Lalit Modi,'' an Ambani spokesman said in an e-mailed statement today.

Modi said in an interview in London on Oct. 24. that Ambani ``is very interested and we will add one more team next year.''

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