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Update :  Sun tv to sell its 78,81,700 equity shares
Wednesday 29-May-2013, 18:44,
Sun tv to sell its 78,81,700 equity shares
Sun tv to sell its 78,81,700 equity shares, could this be to raise money to buy Reliance??? just imagining.. have no idea

BSE

Security NameSun TV Network Ltd.
Security SymbolSUNTV
ISININE424H01027
Offer Size78,81,700 equity shares
Market Lot1 share
Tick SizeRe.0.05
Face ValueRs.5/-
Floor PriceTo be disclosed
Allocation MethodologyPrice Priority basis
Security NameSun TV Network Ltd.
Security SymbolSUNTV
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[-] The following 2 users say Thank You to MJ786 for this post:
amatan, S.Raman
Wednesday 29-May-2013, 20:01,
RE: Sun tv to sell its 78,81,700 equity shares
Kalanithi Maran to sell 2% equity share in Sun TV through OFSThe move to sell equity share exclusively through the seller's brokers, is to comply with the norms of the Sebi on minimum shareholding by public in listed companies
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[-] The following 2 users say Thank You to Viki for this post:
amatan, MJ786
Thursday 30-May-2013, 08:13,
RE: Sun tv to sell its 78,81,700 equity shares
“They were planning to raise Rs.317.5 crore at floor price of Rs.403 each, but the stock showed good demand and was bid at high levels of Rs.416, or Rs.327.8 crore,” said an analyst who did not want to be named.

It is promoter's (Maran's) money , he has to invest it somewhere let us wait and see where he does it.
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amatan
Thursday 30-May-2013, 08:29,
RE: Sun tv to sell its 78,81,700 equity shares
by rhis year end they are open their hd channels to other dth.
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Thursday 30-May-2013, 10:44,
RE: Sun tv to sell its 78,81,700 equity shares
Normally those equities are sold to close associates with different names. That is the normal market trend and then after manupulating the prices it will be sold to general public.
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