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BUZZ-India's Sun TV Network rises, IPL sponsorship rights may boost revenue
September 5, 2017 / 8:56 AM / in 3 months

BUZZ-India's Sun TV Network rises, IPL sponsorship rights may boost revenue

** Sun TV Network Ltd rises as much as 3.9 pct

** Star India will pay 163.48 bln rupees ($2.55 bln) for television and digital rights of the Indian Premier League (IPL) for the next five years, the country’s cricket board announced on Monday

** Higher media and sponsorship rights will bolster revenues of Sun TV, which owns IPL cricket team Sunrisers Hyderabad - Edelweiss

** All IPL franchises are now required to pay only 20 pct of revenues. This could further benefit Sun TV Network as it earlier paid a fixed franchise fee of 855 mln rupees - Edelweiss

** Up to Monday’s close, stock up 64 pct this year ($1 = 64.1175 Indian rupees)

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