Sahara India Pariwar pulled out its franchise Pune Warriors India from the already scandal-hit Indian Premier League (IPL) Tuesday besides announcing that the group will not sponsor the Indian cricket team after the present contract expires in December 2013.

Peeved with the Board of Control for Cricket in India (BCCI) for its refusal to bring down the franchise fee for the IPL, the Sahara Group said it also wanted to withdraw its sponsorship of the Indian cricket team "from today itself" but deferred the decision in the interest of the players.

The BCCI's reaction to the Sahara decisions was not immediately available.

Sahara failed to pay the BCCI the full fee of the Pune Warriors for the current year, leading the board to encash the group's bank guarantee Monday. A day later, the Pune-based franchise announced its pull-out from the IPL, IANS reported.