Sun TV down in the red

Sun TV is down in the red today morning. The stock opened 6.5% lower at Rs.395 to go down further to Rs.392. It remains the second top loser on the BSE, close on the heels of Sintex.

The stock is down on news that Dayanidhi Maran andSun group head, Kalanidhi Maran have been charge sheeted by the Enforcement Directorate in the Special 2G court. This is in connection with the money laundering case lodged in the Aircel-Maxis deal.

The Court has fixed the charge sheet date for consideration on 18th Jan, with order to present entire set of documents pertaining to the case.

ED, in its charge sheet filed before Special Judge O P Saini, named as accused the Maran brothers, Kalanithi's wife Kavery Maran and three others, including two companies. The court has fixed the charge sheet for consideration on January 18 and asked the agency to place before it the entire set of documents relating to the case.