Latest news with #SunTVNetworkLtd
Business Standard
12 hours ago
- Business
- Business Standard
Volumes spurt at Emami Ltd counter
Emami Ltd notched up volume of 1.3 lakh shares by 10:46 IST on BSE, a 11.11 fold spurt over two-week average daily volume of 11673 shares Endurance Technologies Ltd, Sun TV Network Ltd, Power Finance Corporation Ltd, Indus Towers Ltd are among the other stocks to see a surge in volumes on BSE today, 20 June 2025. Emami Ltd notched up volume of 1.3 lakh shares by 10:46 IST on BSE, a 11.11 fold spurt over two-week average daily volume of 11673 shares. The stock slipped 0.19% to Rs.561.55. Volumes stood at 8829 shares in the last session. Endurance Technologies Ltd registered volume of 22141 shares by 10:46 IST on BSE, a 6.85 fold spurt over two-week average daily volume of 3232 shares. The stock rose 4.64% to Rs.2,535.90. Volumes stood at 1058 shares in the last session. Sun TV Network Ltd registered volume of 39476 shares by 10:46 IST on BSE, a 3.16 fold spurt over two-week average daily volume of 12475 shares. The stock slipped 3.77% to Rs.590.40. Volumes stood at 6664 shares in the last session. Power Finance Corporation Ltd notched up volume of 8.21 lakh shares by 10:46 IST on BSE, a 2.5 fold spurt over two-week average daily volume of 3.28 lakh shares. The stock rose 5.68% to Rs.412.00. Volumes stood at 7.78 lakh shares in the last session. Indus Towers Ltd clocked volume of 1.74 lakh shares by 10:46 IST on BSE, a 1.82 times surge over two-week average daily volume of 95372 shares. The stock gained 2.73% to Rs.400.40. Volumes stood at 42064 shares in the last session.
Business Upturn
14 hours ago
- Business
- Business Upturn
Sun TV shares fall nearly 4% as legal battle erupts between Maran brothers over ownership structure
By Aditya Bhagchandani Published on June 20, 2025, 09:26 IST Shares of Sun TV Network Ltd declined nearly 4% on Friday, June 20, following reports of a legal tussle between the company's promoters—brothers Dayanidhi Maran and Kalanithi Maran. The drop in investor sentiment comes after Dayanidhi Maran, former Union Minister and DMK MP, sent a legal notice to his elder brother Kalanithi Maran, who is the chairman of the Chennai-based media conglomerate. According to the legal notice dated June 10, 2025, Dayanidhi has alleged 'fraudulent practices' by Kalanithi, including 'cheating and money laundering.' The notice also demands the restoration of Sun TV's shareholding to the original structure established in 2003, referencing the family legacy of their father, the late SN Maran (Murasoli Maran), and their mother MK Dayalu, wife of former Tamil Nadu Chief Minister M Karunanidhi. The notice has also been served to seven other individuals, including Kalanithi's wife, Kaveri Maran. Legal firm K Suresh of Law Dharma, based in Santhome, Chennai, has issued the notice. The stock's sharp decline reflects investor concerns around potential management instability and reputational risks stemming from the public family feud. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
The Hindu
14 hours ago
- Business
- The Hindu
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.
India Today
a day ago
- Business
- India Today
DMK MP Dayanidhi Maran sends legal notice to brother Kalanidhi over Sun TV shares
A serious dispute has erupted within the influential Sun Group family, with DMK MP Dayanidhi Maran sending a legal notice to his elder brother and media baron Kalanidhi Maran, alleging fraudulent practices related to share allotments, financial dealings, and regulatory to the legal notice, Dayanidhi Maran has accused Kalanidhi Maran and seven others of criminal breach of trust and cheating. The notice alleges that Kalanidhi Maran unlawfully allotted 12 lakh shares of the Sun TV Network Ltd. without proper valuation, fair consideration, or the mandatory consent of existing shareholders on September 15, 2003. The notice terms the allotment illegal and a betrayal of shareholder legal notice further claims that investments worth Rs 8,500 crore have been made in various domestic and international Real Estate Investment Trust (REIT) funds and mutual funds, citing evidence from savings account records. These investments, the notice contends, have been made without disclosure or due authorisation. Dayanidhi Maran has also alleged that a red herring prospectus filed with the Securities and Exchange Board of India (SEBI), the National Stock Exchange (NSE), and the Bombay Stock Exchange (BSE) was misleading and based on fraudulent documentation. He claims this was done in connivance with lead managers in order to list the shares of Sun TV Network Ltd., thereby deceiving regulatory authorities and light of these allegations, Dayanidhi Maran has demanded that the shareholding of Sun TV Network Ltd. be restored to its original state as of 2003. He has also sought the return of all monetary benefits, dividends, assets and income which he claims were wrongfully received or appropriated since legal notice warns that failure to comply will compel Dayanidhi Maran to initiate appropriate civil, criminal, regulatory and enforcement proceedings. IN THIS STORY#Tamil Nadu#Chennai
