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Sun Direct raises Rs 2.6 bn via rights issue
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News Sun Direct raises Rs 2.6 bn via rights issue
MUMBAI: Kalanithi Maran-promoted Sun Direct has raised Rs 260 crore ( Rs 2.60 billion) in FY14 through rights issue to fund its capital expenditure requirement. Sun Direct’s existing shareholders—the Marans and Malaysia’s Astro Group—subscribed to the issue in proportion to their holding in the direct-to-home (DTH) company. While the Marans hold an 80 per cent stake in Sun Direct, the remaining 20 per cent is with Astro.

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[-] The following 4 users say Thank You to Viki for this post:
amatan, Bhavan, Maveli, S.Raman

They issue and they themselves hold it?
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What is the use of Sun Direct customers ?
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