Brief by Shorts91 Newsdesk / 04:49am on 20 Jun 2025,Friday Business
Former Union Minister and DMK MP Dayanidhi Maran has issued a legal notice to his elder brother Kalanithi Maran, chairman of the ₹24,000 crore Sun TV Network, alleging fraudulent transfer of lakhs of shares in 2003 to himself without proper valuation or approval . The notice demands restoring the pre‑September 2003 ownership structure—equal stakes between the Maran family and Karunanidhi’s heirs—and seeks reversal of dividends and assets accumulated over ₹8,500 crore . Shares fell over 4% following the news . Dayanidhi warns of civil, criminal, regulatory action including SFIO and SEBI complaints. (PC: Tradingview)
