SUN TV’s Dream Debut
The Sun TV stock got listed today. When the IPO came out, lot of people felt that the issue price of Rs. 875 was on the higher side. With this kind of observation, people would have thought that the stock would list at a moderate premium. No one would have expected the stock to close its first trading day at Rs. 1466, a cool 65% gain over the issue price. At current market prices, Kalanidhi Maran’s net worth from the listed entity is Rs. 9000 crores. (Kalanidhi Maran owns 90% of the company and the remaining 10% is publicly held). Do expect to see Kalanidhi Maran in the Indian Billionaires list next year. posted by Kaps at
12:07 AM
4 Comments:
Woha.. SUN TV Rules the Entertainment Scenerio in Tamil Nadu .. Soon in billionire list.. wohaaaa!
- Dreamchaser
By
Anonymous, at 1:23 AM
Just recently, Kalaignar (rather his wife) divested their 20% stake for a reported 10 crores. Either he is really stupid or thinks rest of us are.
Cheers
SLN
By
SLN, at 5:18 AM
If the Vaiko knows this news, he may used in its next campaign. :-))
By
மு.கார்த்திகேயன், at 2:47 PM
@Dreamchaser,
he is already in the billionaire list, the official list will be published by Forbes and other later on.
@Suguna,
you should have borrowed to invest in it.
@SLN,
MK's wife sold it for a higher amount. i don't think it was 10 crores.
@Prasanna,
this was out of Kalanidhi Maran's hardwork.
@Karthikeyan,
Vaiko wud definitely know about this.
By
Kaps, at 11:57 PM
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