Sun TV Network
537.00
-3.35(-0.62%)
Market Cap₹21,162.34 Cr
PE Ratio13.18
IndustryMedia
Company Performance:
1D-0.62%
1M-8.24%
6M-4.64%
1Y-15.55%
5Y-2.95%
View Company Insightsright
More news about Sun TV Network
01Oct 25
Sun TV Shares Soar 18% on Potential IPL Team Revaluation
Sun TV Network's stock jumped 18% to Rs 617.00 following reports of Diageo's potential $2 billion sale of Royal Challengers Bangalore IPL team. The news sparked investor interest due to its implications for revaluing all IPL teams, including Sun TV's Sunrisers Hyderabad. Sun TV attributes about Rs 87 billion (45% of its market cap) to SRH. Former IPL commissioner Lalit Modi suggested this could set a new floor price for IPL franchises. The stock closed at Rs 588.00, up 12% for the day, despite being down 11% year-to-date.
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11Aug 25
Sun TV Network Settles Internal Legal Disputes as Promoter Family Member Withdraws Notices
Sun TV Network announced that a family member has withdrawn all legal notices, settling internal disputes within the promoter group. The company clarified that these were personal matters not affecting its business operations or management. Sun TV emphasized that the issue and its resolution were purely family matters of the promoter, unrelated to the company's day-to-day functioning.
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07Aug 25
Sun TV Network Reports Strong Q1 Performance with Rs 528.66 Crore Profit
Sun TV Network announced Q1 financial results with revenue from operations at Rs 1,256.79 crore and PAT at Rs 528.66 crore. Domestic subscription revenues grew to Rs 470.12 crore, while advertising revenues were Rs 289.94 crore. Cricket franchise income contributed Rs 473.03 crore. The company declared an interim dividend of Rs 5 per share. Sun TV also announced the acquisition of Northern Superchargers Limited for GBP 100.5 million, marking its entry into the UK cricket market.
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21Jul 25
Sun TV Network Acquires UK Cricket Franchise for ₹1,161 Crore, Expanding Sports Portfolio
Sun TV Network has approved the acquisition of Northern Superchargers Ltd., a cricket franchise in The Hundred league, for £100.5 million (₹1,161 crore). The deal involves purchasing 100% equity and is expected to complete by December 31, 2025. Northern Superchargers reported a turnover of £1.89 million in FY24 and is profitable. This acquisition expands Sun TV's cricket portfolio, which already includes franchises in IPL and SA20 league. The company views The Hundred league as having significant potential for future financial returns. Sun TV's shares closed at ₹573.20, down 0.56%, with a 17% year-to-date decline.
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09Jul 25
Sun TV Network: Stalin Brokers Peace in Maran Brothers' Ownership Dispute
Tamil Nadu Chief Minister MK Stalin has successfully mediated a resolution to the ownership dispute between brothers Dayanidhi and Kalanithi Maran over Sun TV Network Limited. The compromise involves Kalanithi Maran agreeing to transfer additional shares to Dayanidhi Maran, addressing concerns about stake distribution. This resolution is expected to bring stability to the company's management, potentially boost shareholder confidence, and allow the media giant to refocus on its core business operations.
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20Jun 25
Sun TV Network Clarifies Media Speculations About Promoter's Personal Issues
Sun TV Network has issued a statement addressing media speculations about personal issues of its promoter. The company clarified that the circulating allegations are misleading and unrelated to the company's operations. Sun TV emphasized that its functioning remains unaffected, demonstrating a commitment to transparency and effective stakeholder communication.
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20Jun 25
Sun TV Network: Dayanidhi Maran Alleges 'Fraudulent Takeover' by Brother Kalanithi
DMK MP Dayanidhi Maran has served a legal notice to Sun TV Network Chairman Kalanithi Maran and others, alleging a fraudulent takeover of the group following their father's death in 2003. The notice accuses the current management of mismanagement and breach of trust. Dayanidhi Maran has threatened to involve the Serious Fraud Investigation Office (SFIO) for investigation. This dispute could lead to increased scrutiny of Sun TV Network's corporate governance practices, impact investor confidence, and pose operational challenges.
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19Jun 25
Sun TV Network: Dayanidhi Maran Serves Legal Notice to Brother Kalanithi Maran
DMK MP Dayanidhi Maran has served a legal notice to his brother, Kalanithi Maran, chairman of Sun TV Network, alleging fraudulent practices within the company. The notice accuses Kalanithi Maran and seven others of cheating and money laundering, and demands restoration of the original shareholding structure. Dayanidhi Maran is also seeking a forensic audit of Sun TV Network's finances. This family feud and potential legal battle could have significant implications for the company's future, potentially impacting investor confidence and attracting increased regulatory scrutiny.
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30May 25
Sun TV Network's Q4 Results: Net Profit and Revenue Decline, Margins Narrow
Sun TV Network's Q4 results show a 10.40% year-on-year decrease in net profit to ₹371.60 crore, with revenue declining 2.20% to ₹940.60 crore. EBITDA dropped 18.00% to ₹429.00 crore, and the EBITDA margin compressed to 45.61%. For the full fiscal year, standalone revenue decreased to ₹3,878.86 crore and net profit fell to ₹1,654.46 crore. Despite financial challenges, the company declared four interim dividends totaling 300% or ₹15.00 per share.
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02Apr 25
Sun TV Network Subsidiaries Merge: NCLT Approves Udaya FM and KAI Radio Amalgamation
Sun TV Network Limited received NCLT approval for the merger of its subsidiaries Udaya FM Private Limited and KAI Radio Limited. The amalgamation, effective April 1, 2025, aims to create operational synergies, reduce costs, and enhance competitiveness in the FM radio broadcasting sector. KAI Radio will issue 41,965 shares for every 10,000 shares of Udaya FM. The merger is expected to strengthen Sun TV's market position and financial capabilities.
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01Apr 25
Sun TV Network Streamlines Radio Operations: NCLT Approves Merger of Udaya FM with KAL Radio
Sun TV Network has obtained NCLT approval to merge its radio subsidiaries, Udaya FM Private Limited and KAL Radio Limited. The consolidation aims to create operational synergies, reduce costs, and enhance competitiveness in the radio broadcasting sector. Shareholders of Udaya FM will receive shares in KAL Radio at a specified exchange ratio. The merger is expected to improve financial efficiency and strengthen Sun TV's position in the media industry.
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10Mar 25
Sun TV Network Announces 2.50 Rupees Per Share Interim Dividend
Sun TV Network has announced an interim dividend of 2.50 rupees per share, approved by the company's board. This decision signals the company's strong financial position and commitment to shareholder value. Sun TV Network, a major player in Indian media, operates satellite TV channels, FM radio stations, and has a significant digital entertainment presence.
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07Mar 25
Sun TV Network Announces 50% Interim Dividend for FY 2024-25
Sun TV Network Limited has declared an interim dividend of ₹2.50 per equity share, representing 50% of the face value (₹5) for the financial year 2024-25. The decision was made during a board meeting on March 7, 2025, which lasted from 2:30 PM to 3:30 PM. This announcement was promptly communicated to the stock exchanges where Sun TV is listed (BSE: 532733, NSE: SUNTV), in compliance with SEBI regulations.
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05Mar 25
Sun TV Network to Consider Interim Dividend in Upcoming Board Meeting
Sun TV Network Ltd has scheduled a board meeting for March 7, 2025, to consider declaring an interim dividend for FY 2024-25. The company has closed the trading window for insiders until 48 hours after the meeting concludes. This move suggests potential shareholder returns and may indicate the company's financial stability.
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04Mar 25
Sun TV Network to Consider Interim Dividend in Upcoming Board Meeting
Sun TV Network Ltd has announced a board meeting on March 7, 2025, to consider an interim dividend for FY 2024-25. The company has closed the trading window for insiders until 48 hours after the meeting, in compliance with SEBI regulations and insider trading prevention measures. This potential dividend declaration could significantly impact shareholders and the company's stock price.
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Sun TV Network
537.00
-3.35
(-0.62%)
1 Year Returns:-15.55%
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