Reuters logo
BUZZ-India's Sun TV hits record high; Marans cleared in Aircel-Maxis case
February 3, 2017 / 4:21 AM / 10 months ago

BUZZ-India's Sun TV hits record high; Marans cleared in Aircel-Maxis case

** Shares of Sun TV Network Ltd surge as much as 25.77 pct to an all-time high

** A special CBI court on Thursday dropped all charges against former telecom minister Dayanidhi Maran and Sun TV promoter Kalanithi Maran in Aircel-Maxis case bit.ly/2l2UCv0

** Case was related to allegations that Dayanidhi Maran and his brother Kalanithi Maran coerced Aircel owner S Sivasankaran to sell his stake in Aircel to Malaysia’s Maxis

** Kalanithi Maran owned 75 pct stake in Sun TV as of Dec. 31, 2016 - Thomson Reuters Eikon data

** More than 8.8 mln shares traded, nearly six times the 30-day moving avg

** Stock up 12 pct this year as of Thursday’s close

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below