Astro Group Increases Stake In Sun FM To 20%

Kalanidhi Maran

Malaysia’s Astro Group has raised its holding in Sun FM to 20%, Sun TV Network informed the Bombay Stock Exchange. Thus far, the Malaysian media company, through subsidiary South Asia Multimedia Technologies Ltd, had held a 6.98% stake in South Asia FM Ltd, the radio broadcasting arm of Sun Network that operates some 40 FM stations across the country.

The Astro Group also owns 20% in Sun Direct TV Pvt Ltd, the DTH company majority owned by the Maran family, which promotes SUN TV Network.

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