Air Asia to Sponsor Kings XI Punjab

Airline Air Asia has agreed to sponsor Indian Premier League (IPL) side Kings XI Punjab.

“Showing our commitment to Chandigarh, apoplectic we are going to be sponsoring Kings XI Punjab,” AirAsia India, CEO, Mittu Chandilya told reporters in Chandigarh on Tuesday.

Kings XI Punjab, which made it to the final in last IPL, is co-owned by Bollywood actress Preity Zinta.

According to the shareholding pattern, actress Preity Zinta and industrialist Ness Wadia have 23 per cent stake each while industrialist Mohit Burman has 46 per cent, Karan Paul chairman of Apeejay-Surrendra Group and Delhi based company Root Investment have four per cent each.