Shares of Sun TV Network plunged nearly 10 per cent today on massive selling by investors after the CBI arrested former Telecom Minister Dayanidhi Maran's close aide and two others in illegal telephone exchange case. Sun TV Network's stock tanked 9.54 per cent to Rs 372.70 at the BSE. On the NSE, it crashed 9.89 per cent to Rs 371.55.
Besides Gowthaman, the CBI arrested Chief Technical Officer S Kannan and electrcian L S Ravi of Sun TV network, the agency had said. The CBI alleged that nearly 323 residential lines were allegedly allotted in the name of the BSNL General Manager connecting the Boat House residence of Maran with the office of Sun TV through a dedicated underground cable.