Kavya MaranImage Credit Source: Pankaj Nangia/Getty Images
As soon as Kavya Maran’s family’s case was resolved, his company’s shares appeared to be a rocket. The special thing is that the company’s shares on BSE saw an increase of more than 7 percent. Which is the biggest rise for about 6 months. Due to this boom, the company’s market cap has benefited by about 1600 crores. According to the information, Sun TV Network informed the exchanges that the promoter has been withdrawn “unconditionally and irreversibly” to the promoter. Let us also tell you what is the whole matter and the figures of which are being seen in the company’s shares.
Record boom in company shares
Sun TV network shares rose 7.36 per cent to 590 per share in day trading, which is the biggest intraday growth since March 19 this year. At 2.46 pm, the company’s stock was trading at Rs 564.85 at Rs 564.85 at 2.46 pm, while the Sensex was getting a rise of 673 points and was seen trading at 80,530.85 points. According to Bloomberg, the company’s shares have fallen by 18 percent from their April’s highest and are currently trading at 5.7 times the average 30-day trading volume. This year the stock has fallen 17 per cent, while the benchmark Nifty has registered a gain of 3.3 per cent. The total market capitalization of Sun TV is Rs 22,267.75 crore.
Maran vs Maran controversy
In exchange filing, the company said that the promoter, its relatives and other unrelated persons were issued a legal notice by the “family members”. Which has been withdrawn by the said family member unconditionally and irreversible. In such a situation, the family matter has been solved. The statement said that we reiterate that issuing legal notice and withdrawing such legal notices is not related to the company’s business or management or its daily functioning and due to the promoter being a family matter, it is completely personal. However, the name of “family members” has not been mentioned in the filing document.
Fraud accused
Earlier, former Union Minister and DMK MP Dayanidhi Maran sent a legal notice to his brother Kalanidhi Maran, according to reports, he was accused of “fraud”. The MP accused his brother of fraud and money treatment during his tenure as the president of the media group Sun TV Network. The legal notice sent to seven other defendants including Kalanidhi Maran and his wife Kaveri Maran requested to restore the shareholding of Sun TV at 2003 levels.
The results of the first quarter of Sun TV
Sun TV recorded 5.38 per cent in PAT in the first quarter ended June 30, 2025, which was Rs 529.21 crore. The company had recorded Rs 559.32 crore pat a year ago during the April-June period. The company’s operational revenue declined by 1.77 per cent to Rs 1,290.28 crore in the June quarter. It was Rs 1,313.55 crore in the same quarter last year. In the June quarter of FY 2026, the total expenditure of Sun TV network increased by 10 percent to Rs 782 crore. Sun TV network operates satellite television channels in seven languages – Tamil, Telugu, Kannada, Malayalam, Bangla, Hindi and Marathi – and broadcasts FM radio stations across India.
Company benefits 1,600 crores
The special thing is that due to this boom, there has been a big jump in the company’s market cap. According to BSE data, the market cap of SunTV network was Rs 21,656.91 crore on Friday. Which was Rs 23,250.99 crore on Monday when the stock reached peak during the trading session. This means that the company’s market cap got an increase of about 1600 crores.