Comments
Kalanithi Maran, promoter of Sun TV Network Ltd, has fixed the ‘floor price’ for the offer-for-sale (OFS) at Rs 403 a share.
Maran announced to the stock exchanges that he would sell 7.88 million shares, representing 2 per cent stake in the company, through OFS on the BSE and the NSE in line with SEBI guidelines.
The sale will take place on a separate window of the stock exchanges on May 29 at 9.15 a.m. and close on the same day at 3.30 p.m.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.