Sun TV gains; SpiceJet deal removes fund utilisation hangover

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Mumbai | Published: January 16, 2015 10:00:14 AM

Sun TV Network gains 3.1 pct...

Sun TV Network gains 3.1 pct.

Promoters selling out of SpiceJet removes concerns they will use Sun’s cash flows to fund the airline – analysts.

SpiceJet co-founder agrees to take control in rescue effort.

Sun TV trading at 17x 1-yr forward earnings vs 17.93x of rivals

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