 "Sun TV Network dips over 10% on heavy volumes")
Sun TV Network has dipped nearly 11% to Rs 408 on the National Stock Exchange (NSE) on back of heavy volumes after media reports that the Enforcement Directorate (ED) attached the assets worth of around Rs 743 crore belonging to Dayanidhi Maran, Kalanithi Maran, his wife Kaveri Kalanithi and other group companies.
Kalanithi Maran is the promoter of Sun TV Network hold 75% stake in the company.
On Wednesday, the ED announced attachment of assets (moveable and immovable) worth Rs 742.58 crore belonging to the Maran brothers, Kaveri Kalanithi and group companies in connection with the Aircel-Maxis deal case, IANS report suggests. CLICK HERE TO READ FULL REPORT.
At 0937 hours, a combined 1.09 million shares have already changed hands against an average sub one million shares that were traded daily in past two weeks on the NSE and BSE.
The stock opened at Rs 420 and touched a low of Rs 396 on the NSE so far.
Kalanithi Maran is the promoter of Sun TV Network hold 75% stake in the company.
On Wednesday, the ED announced attachment of assets (moveable and immovable) worth Rs 742.58 crore belonging to the Maran brothers, Kaveri Kalanithi and group companies in connection with the Aircel-Maxis deal case, IANS report suggests. CLICK HERE TO READ FULL REPORT.
At 0937 hours, a combined 1.09 million shares have already changed hands against an average sub one million shares that were traded daily in past two weeks on the NSE and BSE.
The stock opened at Rs 420 and touched a low of Rs 396 on the NSE so far.