India's Sun TV jumps on report co may demerge cricket franchise assets; co calls it 'rumours'

Sun TV Network

30/09/2026 10:23

** Shares of Sun TV Network SUTV.NS rise as much as 20% to 17-month high of 663.90 rupees; last up 10.9%
** Stock on course for eighth straight session of gains and biggest one day pct. rise in a year, if gains hold
** Media company is looking at potential demerger of its cricket franchise assets, according to a CNBC Awaaz report
** Sun TV owns SunRisers Hyderabad in the Indian Premier League (IPL), SunRisers Eastern Cape in Cricket South Africa's T20 League, and SunRisers Leeds in The Hundred in the UK
** "The aforesaid news item is a rumour and the Company cannot comment on market rumours," SUTV says in a statement 
** YTD, stock up 5%


 (Reporting by Puyaan Singh in Bengaluru)
 ((puyaan.singh@thomsonreuters.com))