Sun TV Network Gains As Exit Polls Shows DMK To Win TN

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Shares of Sun TV Network rose by nearly 10 per cent on Bombay Stock Exchange (BSE) as exit polls indicate that the Dravida Munnetra Kazhagam (DMK) alliance is likely to win in Tamil Nadu (TN) state assembly election.

Sun TV Network Gains As Exit Polls Shows DMK To Win TN
Sun TV Network owner, Kalanithi Maran is the grand nephew of M. Karunanidhi. As on March 31, 2016, Kalanithi Maran owns 75 per cent stake in Sun TV Network.

Following the development, shares of the company gained 9.80 per cent to Rs 431.80 a piece on Bombay Stock Exchange.

Shares of Sun TV surged 9.57 per cent to Rs 431.75 a piece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 25,814.32, up 161.09 points, or 0.63 per cent at 11.05 hours.

Read more about: sun tv network
Story first published: Tuesday, May 17, 2016, 12:50 [IST]
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