Sun TV shares dip as Maran faces CBI probe
Hindustan Times | HT Correspondent, Mumbai
Sep 29, 2011 10:38 PM IST
Shares of Maran family-controlled Sun TV dropped 7% on Thursday, a day after the Central Bureau of Investigation told the Supreme Court that it would take a decision on bringing formal charges against chairman Kalanithi Maran's younger brother, Dayanidhi.
Shares of Maran family-controlled Sun TV dropped 7% on Thursday, a day after the Central Bureau of Investigation told the Supreme Court that it would take a decision on bringing formal charges against chairman Kalanithi Maran's younger brother, Dayanidhi.
The cable television distribution war, which already has been taking a toll on Sun TV's channel share, saw the listed firm's stock price touch an intra-day low of Rs 237.8, before finally closing at Rs 244.4.
Hindustan Times - your fastest source for breaking news! Read now.
Sun TV shares fell about 14.5% in the last month. Its shares have dipped around 22-25% over the last 12-weeks.
Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
Share this article