Business Standard

Tamil Nadu: Blow for Karunanidhi family's business interests?

Some with direct connections to political dispensations could face heat; others considered close to the winning party could expect good times

N Sundaresha Subramanian T E Narasimhan & Ishita Ayan Dutt  |  New Delhi/Chennai/ Kolkata 

Thursday’s state election results are likely to make the fortunes for some businesses and mar for some others. The biggest and most prominent loser of the day was from the family of DMK chief M Karunanidhi. On the day of the results, the Sun TV stock lost Rs 2,229 crore in market value. Its market capitalisation fell from Rs 16,845 crore at its close on Thursday to Rs 14,616 crore at the end of the day. By virtue of his 75 per cent holding, DMK chief M Karunanidhi’s grandnephew Kalanithi Maran would take three-fourths of that hit. This notional loss could be an ...


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First Published: Fri, May 20 2016. 06:39 IST