Chennai, August 12, 2025 — Sun TV Network Limited has officially confirmed that the prolonged dispute within the Maran family has been amicably resolved. The company informed stock exchanges that all legal notices issued by Dayanidhi Maran, a DMK MP, against his brother Kalanithi Maran, the network’s promoter, have been unconditionally and irrevocably withdrawn.
Background of the Dispute
- On June 10, Dayanidhi Maran served a legal notice alleging that Kalanithi had fraudulently taken control of Sun TV through an irregular share transfer executed shortly after the demise of their father, Murasoli Maran, in 2003. The notice accused Kalanithi and others of cheating, conspiracy, money laundering, and demanded restoration of original shareholding rights.
- The legal notice threatened criminal and regulatory action, including appeals to bodies such as SEBI, the ED, SFIO, and the cancellation of broadcasting and publishing licenses.
Resolution Through Mediation
- The dispute was classified by Sun TV as a family matter with no impact on company operations or management. The network reiterated that the allegations were personal in nature and did not affect daily business.
- Notably, Tamil Nadu Chief Minister and DMK President M.K. Stalin — their uncle — played mediator between the brothers. His efforts led to a truce, and Dayanidhi subsequently agreed to withdraw the legal notice.
Market Reaction
Following the announcement, Sun TV’s shares rallied nearly 5%, reflecting investor confidence in the stability of the company going forward.
Article Summary
Sun TV Network has confirmed the complete withdrawal of all legal notices issued by Dayanidhi Maran, signaling an end to the family feud over alleged share fraud. Facilitated by mediation from CM Stalin, the matter has been resolved privately and is deemed to have no business implications. This resolution has restored calm and resulted in a positive market response.
“The Company confirms that the legal notices have been unconditionally and irrevocably withdrawn and that the matter has been resolved between the concerned family members.”