SUN TV Shares Drop 7% As License Worries Continue

By Sunil Fernandes
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Shares in SUN TV dropped once again in trade after fresh reports emerged that the government may deny a license to the company to operate its channels.

    SUN TV Shares Drop 7% As License Worries Continue
    Sun TV Network: Quotes, News
    BSE 664.20BSE Quote11.15 (1.68%)
    NSE 664.10NSE Quote8.95 (1.35%)
    The shares were last traded at Rs 298, falling as much as 7 per cent, after the 6 per cent drop witnessed on Tuesday.

    The stock is now down as much as 13 per cent in two trading days. On Tuesday the Economic Times reported that the PMO' is not in favour of granting license, which saw a sharp fall of 6 per cent in the stock. The Information and Broadcasting Ministry on the other hand is in favour of renewing the license.

    SUN TV Network is owned by Kalanidhi Maran and has presence across the television and radio industry across the country.

    The company is amongst the top television players in the country.

    GoodReturns.in

    Read more about: sun tv
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more