Sun TV shares fall as ED files chargesheet in Aircel-Maxis deal

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New Delhi | Updated: January 11, 2016 4:31:35 PM

At 10.17 am, Sun TV was trading 5.37 per cent down at Rs 399.50. The scrip opened at Rs 395 and had touched a high and low of Rs 403.15 and Rs 392, respectively, in trade so far.

Sensex, Sun TV Network, NiftyShares of Sun TV Networks fell as much as 7.14 per cent in the morning trade on Monday after the former telecom minister Dayanidhi Maran, his brother and Sun Group chief Kalanithi Maran and four others were chargesheeted by the Enforcement Directorate (Reuters)

Shares of Sun TV Networks fell as much as 7.14 per cent in the morning trade on Monday after the former telecom minister Dayanidhi Maran, his brother and Sun Group chief Kalanithi Maran and four others were chargesheeted by the Enforcement Directorate in the Special 2G court in connection with a money laundering case lodged in the Aircel-Maxis deal.

At 10.17 am, Sun TV was trading 5.37 per cent down at Rs 399.50 on BSE. The scrip opened at Rs 395 and had touched a high and low of Rs 403.15 and Rs 392, respectively, in trade so far.

Around 2.07 lakh shares of Sun TV exchanged hands on the BSE as compared with two-week average daily volume of 0.71 lakh shares. The share price of Sun TV closed 3.25 per cent down at Rs 408.45.

The court has fixed the charge sheet for consideration on January 18 and asked the agency to place before it the entire set of documents relating to the case.

The ED had on April 1, 2015 attached the assets, estimated at Rs 742.05 crore, held by Dayanidhi Maran, Sun Group Chief Kalanithi Maran and Kavery in the case.

Earlier, the CBI in August 2014 had charge sheeted Maran brothers, Malaysian business tycoon T Ananda Krishnan, Malaysian national Augustus Ralph Marshall and four companies — Sun Direct TV Pvt Ltd, Maxis Communication Berhad, South Asia Entertainment Holding Ltd and Astro All Asia Network PLC — in the case.

(With inputs from PTI)

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