According to reports, Dyanidhi sent legal notice to his brother and others, accusing him of “misleading” and “misleading” by taking control of Sun TV after the death of his father Mursoli Maran in 2003.
Sun TV’s stock fell 5.20 percent to 581.55 during the day on the BSE. Later, it ended at Rs 606.80, which is down 1.09 percent.
On the NSE, the shares of Pay FIRM have risen to Rs 5.25 % to Rs 580 during the day. The stock later ended at 605.75 episies, down 1.04 percent.
One day after reports of former Union Minister Dayanidhi Maran of “fraudulent behavior” and “misunderstanding” on his brother, on Friday, the eldest sibling Kalnithi-Run Sun TV said that the split between the promoter family 22 years ago was followed by all legal responsibilities.
In the regulatory filing, the Sun TV network defended its promoter Kalnith, saying that the contracts between the two brothers were properly examined by the relevant “intermediaries” before the company’s public issues.
The board leads to the Sun F Sun TV Network as Executive Director and Chairman.
Kalnithi, as a promoter, has 75 % shareholding in the Sun TV network.
The Sun TV network said, “The alleged thing is 22 years old, while the company was closely a private limited company.”
Rather than defending the promoter, it further stated, “The statements made in articles are false, deceptive, guessing, manipulated, and not supported by facts or laws.”
“We want to report that all acts have been done in accordance with legal responsibilities and this was properly investigated by the relevant mediators before the public issue of the company.”
Moreover, the Sun TV network also said that the rift between the promoter Maran Brothers “has no effect on the company’s business or its daily operations”.
The Sun TV network also made it clear that it is a “promoter’s family matter” and it is “perfectly personal in nature”.
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