Sun TV slams reports about stake sell to Reliance Industries

MUMBAI: Kalanithi Maran owned Sun TV network has slammed media reports suggesting a possible sell out to Mukesh Ambani’s Reliance Industries Limited (RIL).

As was reported earlier by Indiantelevision.com, media reports published on 20 March, 2015 claimed a possible takeover of Sun TV by Reliance Industries Limited (RIL) and the Bombay Stock Exchange (BSE) had sought clarification from both the companies, which are listed on the bourse.

Responding to the clarification notice from BSE, Sun Group CFO SL Narayanan said, “There is absolutely no truth in the news report that Sun TV is considering a stake sale.”

Echoing the same, RIL in its reply to the BSE has said, “We wish to state that there is no truth in what a website in question has chosen to write. Do please note that the reporter did not ask us about the facts.”

In a notice to both, BSE had earlier in the day said, “The Exchange has sought clarification from Sun TV Network Ltd and RIL with respect to news article appearing on ET Now on 20 March, 2015 titled “Tehelka reports – RIL considering acquiring Sun TV, RIL officials meeting at Chennai office to work out deal & deal in works for last 3 months.”