Announced Wed, 22 Jul · 16:30 IST
Sun TV subsidiary SRL issues bonus shares to parent company
Corporate Actions View source PDF
SUNTV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.0%1-day move
₹491.95
prior close
₹493.20
base price
After-mkt
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AI summary
Sun TV's wholly owned subsidiary SunRisers Leeds Limited (formerly Northern Superchargers Limited) has approved a bonus issue of 99,999 equity shares of face value 1 GBP each to Sun TV Network. Post-issue, Sun TV will hold 1,00,000 shares in SRL. There is no change in Sun TV's shareholding percentage in SRL, which remains a wholly owned subsidiary. This is an internal subsidiary-level capital restructuring and does not change Sun TV's own share count or affect its shareholders directly.
Likely market impact
Neutral for Sun TV shareholders. Internal subsidiary restructuring, no change in ownership or Sun TV's share capital.