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

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    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 612.50BSE Quote4.75 (-0.78%)
    NSE 611.30NSE Quote6.75 (-1.10%)
    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
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    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