Sun TV shares fall 4%, after MP Dayanidhi Maran's legal notice to Kalanithi Maran

Shares of Sun TV Network Ltd were down over 4% on Friday (June 20, 2025) morning, after DMK MP and former Union Minister Dayanidhi Maran's legal notice to his elder brother Kalanithi Maran, Chairman of Sun TV Network and others.
The legal notice to Kalanithi Maran and his wife Kavery Kalanithi and others raised a dispute in share transactions which took place in 2003, reflecting a family dispute between the brothers.
The legal notice called upon to restore the entire shareholding position of Sun TV Network and all other related companies to their original state as it stood on September 15, 2003, by reinstating the shares to the rightful owners and warned of initiating all appropriate civil, criminal, regulatory, and enforcement proceedings, if the demands are not complied with.
Shares of Sun TV were trading down over 4% at ₹588 a share on the BSE, while it was down over 4% and trading at ₹586.40 a share on the NSE, on Friday's morning trade.

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