Sun TV Shares Fall As High Court Cancels Dayanidhi Maran's Bail Plea

Posted By:

Shares in Sun TV fell a huge 4 per cent today after the Madras High Court canceled Dayanidhi Maran's interim anticipatory bail in the telephone exchange case.

Sun TV Shares Fall As High Court Cancels Dayanidhi Maran's Bail Plea
Sun TV Network: Quotes, News
BSE 481.75BSE Quote21.5 (4.46%)
NSE 481.15NSE Quote22.35 (4.65%)
The stock was last trading at Rs 329, down 4 per cent over Monday's close. Shares of Sun TV have remained volatile in the last one month as the government had decided not to renew the company's license.

The Home Ministry had struck down an Information and Broadcasting Ministry's proposal for giving security clearance to 33 television channels of Kalanithi Maran-promoted Sun TV Network, a move that could lead to cancellation of their broadcasting licence.

The decision of the Home Ministry was believed to have been influenced by pending criminal cases against Mr. Maran and his brother and former Union Minister Dayanidhi Maran.

GoodReturns.in

Read more about: sun tv
Story first published: Tuesday, August 11, 2015, 11:39 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?