New Delhi, June 23 -- Investors of Sun TV Network Ltd got spooked last week when news of a family feud surfaced. Dayanidhi Maran, a former member of Parliament from Tamil Nadu's ruling Dravida Munnetra Kazhagam (DMK) party, in a 10 June legal notice accused his brother Kalanithi Maran, chairman of Sun Group, of fraudulently acquiring control of Sun TV. Since then, the Sun TV stock has corrected by more than 3%.
Is this a personal matter that will resolve itself in due time, or should investors be worried?
Family feud ranks low in Sun TV's list of worries
The issue raised by Dayanidhi Maran dates back more than two decades. According to his legal notice, Kalanithi Maran allegedly acquired a controlling stake in Sun TV following their fa...
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