Sun tv to sell its 78,81,700 equity shares | DTH Forum with Fastest DTH Updates

Breaking FIRST : Sun tv to sell its 78,81,700 equity shares
#1
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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#2
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
#3
“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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#4
by rhis year end they are open their hd channels to other dth.
#5
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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