India's Sun TV falls on reports chairman receives legal notice from brother

Sun TV Network

20/06/2025 05:40

** Shares of Indian broadcaster Sun TV Network SUTV.NS down 3% to 593 rupees

** Local news outlets, including newspaper The Hindu, report Indian lawmaker Dayanidhi Maran has sent legal notice to Kalanithi Maran, his brother and chairman of Sun TV

** Notice alleges irregularities tied to Kalanithi's ownership in the company

** Dayanidhi Maran and Kalanithi Maran did not immediately respond to Reuters' requests for comment

** YTD stock has lost 14%

 (Reporting by Hritam Mukherjee and Sethuraman NR in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))