Kuwait's Investment Dar, the owner of luxury car maker Aston Martin, has denied reports at least two groups has placed competing bids to acquire a 50 per cent stake in the British car brand.

The denial followed reports that Investment Dar Co had received competing bids from London-based private-equity fund Investindustrial and India's Mahindra & Mahindra (M&M) for a 50 per cent stake in the luxury car maker. The sources had also claimed that M&M was poised to outdo Investindustrial in the race to acquire the stake.

But, in an interview with Al Watan newspaper, Investment Dar Chairman Adnan Al Musallam denied the reports that had claimed that Investindustrial and M&M had placed competing bids for a 50 per cent stake in Aston Martin.

When asked to comment on the reports about the stake sale and bids, Al Musallam said Investment Dar "was not negotiating the sale of its stake in Aston Martin."

Investment Dar had also dismissed a similar report earlier this month, terming the report as baseless and devoid of truth.

Investment Dar had acquired Aston Martin from American auto giant Ford Motors in 2007 for 479 million pounds. In India, Aston Martin is selling select models, including the Vantage S, V12 Vantage, V8 Vantage Coupe, DB Volante, DB9 Coupe, and DBS Coupe.