A view of Sun TV headquarters at MRC Nagar in Chennai.
| Photo Credit: M. Srinath
Sun TV Network Limited, on Friday (June 20, 2025), responding to news reports on DMK MP and former Union Minister Dayanidhi Maran issuing a legal notice to his elder brother Kalanithi Maran who is the Chairman of Sun TV Network and to others, said the allegations are incorrect, misleading, speculating, defamatory and not supported by facts or law.
“This is in reference to the news articles appearing in various media in relation to certain matters between the Promoter of Sun TV Network Limited and his family member. The alleged matter dates back to 22 years when the Company was a closely held private limited Company,” Sun TV said in a stock exchange filing.
“We wish to inform that all acts have been done in accordance with legal obligations and the same had been duly vetted by concerned intermediaries before the public issue of the Company. We are not aware of any negotiations/events towards settlement in the promoter’s family,” the statement said.
The matters alleged in the articles does not have any bearing on the business of the company or its day-to-day functioning and being the family matter of the Promoter are purely personal in nature, it added.
Stock market response
Sun TV shares, which were down by 4% in the morning trade, pared some losses after the company’s statement. The stock closed at ₹606.80, down by 1.09%. On National Stock Exchange (NSE), the company’s shares closed at ₹605.75, down by 1.05%.
Published – June 20, 2025 01:06 pm IST
