Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kalanithi Maran
Sun TV gains as it undergoes a programming revamp
Sun TV has been gaining steadily with its share price now close to its 52 week high. The company came off decent Q3 results - although ad revenues shrank with demonetization, subscription revenues gained in double digits YoY. Operationally, the company has been aggressively pursuing market share in South Indian markets outside Tamil Nadu. Sun TV: hoping for market dominance with a programming revamp Earlier this month, Sun TV shut down four advertising-free action movie channels, and introduced five new channels in Malayalam, Telugu and Kannada. The company had previously introduced a slew of new shows targeting different demographics in the first quarter of FY17, which helped its ratings move up in the Telugu and Malayalam markets. With the new channels, the company is looking to consolidate its hold. Higher ratings have helped it with ad revenues - in the Telugu market its ad rates were up 30% in the most recent quarter. Sun TV has also been expanding its radio and FM presence. Sun subsidiaries Kal Radio and South Asia FM and the Entertainment Network (India) Ltd. emerged as the top spenders in the FM radio auctions held by the government end February. Kal Radio and South Asia FM together won 13 radio frequencies of the 66 auctioned, for an estimated Rs 80 crore (total bids at the auction amounted to Rs. 200 crore). The frequencies SUN TV won included Hyderabad - as the Telugu market has emerged as a growth focus - Dehradun and towns such as Agartala, Leh, and Jhansi. Valuation shifts as case against Marans dropped The shadow of corruption and money laundering charges that hung over the Maran brothers in the Aircel Maxis case are gone after the charges were dropped by the Special 2G court. The criminal charges meant that investors, worried about conviction, had put a substantial valuation discount on Sun TV compared to its competitor Zee Entertainment, despite Sun's stronger returns. This discount has narrowed since the court ruling, but analysts such as ICICI Securities believes there is more fizz left in the champagne, and that the share price for Sun TV can gain further. ICICI Securities maintained a BUY on the stock in the report issued mid-Feb, with a target of Rs 850 for its share price. Notice of Postal Ballot
This is to inform that the Company is in the process of seeking the approval of the shareholders by Postal Ballot, including voting by electronic means, for the following matters: Description of the Resolution 1. Ordinary Resolution for re-appointment and fixing remuneration of Mr. K. Vijaykumar as Managing Director & Chief Executive Officer 2. Ordinary Resolution for re-appointment and fixing remuneration of Mr. Kalanithi Maran as Whole Time... Board approves Dividend
This is to inform that the Board of Directors at their meeting held on 10th March 2017, inter alia, have declared a Second Interim Dividend of Rs. 5/- per equity share of Rs. 5/- each (i.e. 100%) for the financial year 2016-17. Record And Payment Date For Interim Dividend
This is to inform that Thursday, March 23, 2017 shall be the Record Date for the Interim Dividend if any, declared at the Board Meeting to be held on March 10, 2017. The Payment Date for the Interim Dividend if any, declared shall commence on and from Monday, March 27, 2017. Board Meeting On March 10, 2017
Please take note that a meeting of the Board of Directors of the Company will be held on Friday, 10th March, 2017 to consider inter alia, declaration and payment of Interim Dividend if any, for the financial year 2016-17. In view of the above, the Trading Window for dealing in the Company's scripts by the Directors and Designated Employees of the Company will remain closed upto 13th March, 2017, in terms of the Company's Code of Prevention of... Outcome of Board Meeting
Sun TV Network Ltd has informed BSE that the Board of Directors of the Company at their meeting held on February 24, 2017, have re-appointed Mr. K. Vijaykumar as "Managing Director and Chief Executive Officer", Mr. Kalanithi Maran as "Executive Chairman" and Mrs. Kavery Kalanithi as "Executive Director" of the Company for a period of 5 years with effect from April 20, 2017. Sun TV shares lose charm after Sasikala's conviction in DA case
Shares of Sun TV owned by AIADMK's rival DMK chief M Karunidhi's grandnephew Kalanithi Maran lose steam after the Sasikala saga. Rally In Sun TV, Raj TV Fizzles Out A Day After Sasikala's Conviction
A day after staging a sharp rally, shares of Tamil Nadu-based television channels Raj TV and Sun TV came under profit-taking. Sun TV, Raj TV rally after Sasikala's conviction; analysts advise exit
Raj Television Network surged as much as 13% to Rs 73, while Sun TV rose 4% to Rs 741