Sun TV Network has no proposal to sell stake in the company to anyone, S.L. Narayanan, Group CFO, told Business Line.
Following a widespread rumour that Reliance Industries is close to acquire Sun TV Network Ltd, which has been doing rounds for over a week now, the media circle is abuzz with the talk. “But, there is absolutely no truth in the news report that we are considering a stake sale. We have no proposal to sell stake either in Sun TV or in any other group company to anyone,” Narayanan clarified.
Bombay Stock Exchange too sought clarification from the company in this regard. The Sun TV shares today lost ₹8.90 to close the day at ₹428.10.
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