India: Sun TV Network to consider buy-back of equity shares

Kalanithi Maran and his family already own 75% in the company—the limit set by the market regulator, Securities and Exchange Board of India (Sebi). Photo: SaiSen/Mint

Kalanithi Maran-promoted Sun TV Network Ltd said on Friday it will consider a proposal for a share buy-back. Investors reacted positively to the news, which sent Sun TV shares higher by 5.21 % at Rs.395.70, while the benchmark Sensex ended 0.68% lower to 26,656.83 points.

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