Karthik
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Southern TV and airline baron Kalanithi Maran’s open offer for sale (OFS) of 2 per cent of his stake in Sun TV will commence this morning at 9:15 am and close at 3:30 pm on the BSE and the NSE.
Maran has made the OFS to comply with Sebi’s guidelines of a minimum 25 per cent share holding. He will be hawking almost 7.88 million share with the floor price being Rs 403 per share.
Sun TV, the company he set up from scratch, is a leading south Indian TV and radio broadcaster and also runs a DTH service apart from being involved in the cable TV sector.
Indiantelevision.com > News Headlines > Marans stake divestment to take place today
Maran has made the OFS to comply with Sebi’s guidelines of a minimum 25 per cent share holding. He will be hawking almost 7.88 million share with the floor price being Rs 403 per share.
Sun TV, the company he set up from scratch, is a leading south Indian TV and radio broadcaster and also runs a DTH service apart from being involved in the cable TV sector.
Indiantelevision.com > News Headlines > Marans stake divestment to take place today
