Money on the markets
A maturing market amid the mayhem
Shares in SpiceJet and Sun TV Network fell on market talk that Sun founder Kalanithi Maran’s deal of buying a stake in SpiceJet was under investigation by the Central Bureau of Investigation, four dealers said.
Shares of both the companies had fallen 7-13 percent on Friday
SpiceJet closed 2 percent lower at 47.65 rupees while shares in Sun TV Network ended 11.4 percent down at 410 rupees.
Do you think shares in SpiceJet and Sun TV will fall further?
Private airline operators had on Friday announced they would suspend operations on August 18 to protest the lack of government relief for the ailing industry.