Dayanidhi Withdraws Legal Notice To Brother, Sun TV Issues Resolved

In June Dayanidhi Maran had sent a legal notice to Kalanithi, his wife Kaveri Maran and six others, alleging illegal transfer of shares of the company.

Following the news reports, Sun TV on June 20 had informed the stock markets that the matters alleged in the articles did not have any bearing on the business of the company or its day-to-day functioning. It had also said that the statements allegedly made in the articles were incorrect, misleading, speculative, defamatory and not supported by facts or law.

“As an update to the above, we would like to inform you that we have now been informed by the promoter of the company that all the legal notices issued by the family member to the promoter of the company, his relative and other unrelated individuals have been unconditionally and irrevocably withdrawn by the said family member and the issues hereby stand resolved,” it said in a notification on Monday.

“We reiterate that the issue of the legal notices and the withdrawal of such legal notices do not pertain to the business or management of the company or its day-to-day functioning and being the family matter of the promoter are purely personal in nature,” it added.