Kavya Maran's Family Dispute Resolved; Sun TV Network Gains Rs 1600 Crore in Market Cap

Following the resolution of a family dispute involving Kavya Maran, shares of Sun TV Network surged sharply, seeing their biggest intraday rise in six months with a gain of over 7 percent on the BSE. This dramatic increase boosted the company’s market capitalization by approximately Rs 1,600 crore in a single trading session.

Sun TV Network’s stock closed at Rs 590 per share, marking a 7.36% rise—the highest since March 19 this year. Earlier in the day, the stock was trading up 2.78% at Rs 564.85, outperforming the Sensex benchmark, which also saw gains. Bloomberg data indicates the shares had declined about 18% from their April peak and were trading at 5.7 times the average 30-day volume before the rally. Despite this year’s 17% dip in shares, the company retains a robust market cap of around Rs 22,267.75 crore.

The stock rally came after Sun TV Network announced to stock exchanges that a legal notice issued by a family member to the promoter and related parties had been withdrawn “unconditionally and irrevocably.” The company clarified that this was purely a personal family matter and unrelated to its business or management operations. However, the identity of the family member was not disclosed.

This development came amid earlier allegations, where former Union minister and DMK MP Dayanidhi Maran had accused his brother, Kalanithi Maran, chairman of Sun TV Network, of fraud and money laundering. Dayanidhi had sought restoration of the company’s shareholding to 2003 levels through legal action.

On the business front, Sun TV reported a 5.38% decline in profit after tax (PAT) to Rs 529.21 crore for the quarter ending June 30, 2025. Operational revenue slipped 1.77% to Rs 1,290.28 crore during this period. The company’s expenses rose by 10%, reaching Rs 782 crore. Sun TV Network runs satellite TV channels in seven Indian languages and operates FM radio stations across the country.

The positive market reaction after the resolution of internal family issues has brought a welcome boost to Sun TV Network’s valuation, showing investor confidence and reflecting the company’s strong presence in the Indian media landscape.