Sun TVs scrip crashes on fear of channels going off air

Sun TVs scrip crashes on fear of channels going off air 

Sun Direct's Measat 3 tps went off due to solar panels dead, due to this over 150+ channels signals went off, now they are shifting some important channels to other tps

Chennai, June 8: South Indian language satellite channel broadcasting major Sun TV Network Ltd's scrip price saw a drastic fall on Monday in the bourses following the news that its channels were going off air.

Meanwhile, clarifying the news report in an English business daily, the company in a filing with the BSE said: "We wish to state that no communication has been received by the company in this regard from any ministry and all our Channels continue to be on air.

According to the news report, the home ministry has denied security clearance to 33 channels of the company owing to pending cases against company promoter Kalanithi Maran and his brother and former union telecom minister Dayanidhi Maran. Last fiscal the company posted profit of Rs 737.23 crore on a total income of Rs 2,331.45 crore.

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