The Sahara Group have decided not to follow up their initial interest in buying into Liverpool after "considering all relating factors".
The Sahara Group, headed by businessman Subrata Roy, had been considering buying into the club earlier this year.
However, as various parties assess their next move – Liverpool have invited prospective new owners to make official offers detailing how their bid will be financed – the huge Indian conglomerate have decided not to proceed.
"The deal for acquisition of the Liverpool Football Club was in our consideration in the recent past," said head of corporate communications Abhijit Sarkar in a statement to Bloomberg.
"However, after considering all related factors, we have decided not to go ahead with it, at least for the time being."