Reports on Sunday claimed Venky's were actively looking for a buyer to take control at Ewood Park and it was even suggested that investment bankers Goldman Sachs had been contacted to broker a deal with potential suitors.
However Rovers director Vineeth Rao has dismissed the claims and is adamant they have no plans to sell the club even if they are relegated.
"It is not true, none of that. We have no plans to sell Blackburn Rovers, none at all," Rao told the Lancashire Evening Telegraph.
"Even if the club got relegated, which is not in our thoughts, we are not planning to sell."