Micromax will no longer be a stake holder in the International Premier Tennis League (IPTL) as the owner of the India franchise quit the league due to losses incurred, theHindustan Times reported on Friday.
Micromax held 60 per cent stake in the IPTL franchisee Indian Aces and has decided to stay away from the 2015 season.
"We are not franchise holders anymore but will continue to be associated as a sponsor," Shubhajit Sen, chief marketing officer, Micromax, told
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