Ranbir isn't replacing SRK!

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New Delhi, June 17 -- Dismissing reports that actor Ranbir Kapoor will replace actor Shah Rukh Khan as the ambassador of a luxury watch brand, a source close to the development has revealed that SRK is still with the brand.

"Earlier, the brand had roped in Formula F3 winner Karan Chandok for a special campaign. They may be considering several new faces, including Ranbir for a campaign too, but SRK will not be replaced," says the source.