The move comes as Combs' reputation has been sullied following several lawsuits filed late last year that raised allegations of sexual assault and rape.
Diddy's honorary degree from Howard University has been revoked due to the 2016 surveillance video that shows Puff beating his then-girlfriend Cassie Ventura.
The Historical Black University (HBCU) made the announcement regarding the 54-year-old rapper as they explained that the decision came after the release of video of the physical assault.
Diddy sells off his stake in Revolt, the media company he founded in 2013 - New Delhi Times - India's Only International Newspaper newdelhitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newdelhitimes.com Daily Mail and Mail on Sunday newspapers.