Shares of Sun TV plunged by 4% following a legal notice served by Member of Parliament Dayanidhi Maran to his brother and company promoter, Kalanithi Maran. The dispute reportedly stems from unresolved issues related to family business dealings and internal financial matters, casting a shadow over investor confidence.

The sudden legal action has sparked concerns about governance and leadership stability at the media giant, which has long been under the influence of the powerful Maran family. Analysts believe the public nature of the conflict could hurt Sun TV’s brand image and trigger short-term volatility in its stock performance.

While neither party has made a detailed public statement yet, industry watchers are closely monitoring how the situation unfolds. The Maran brothers, both prominent figures in politics and media, have had tensions in the past, but this legal escalation could have wider implications.

Investors are advised to tread carefully until further clarity emerges around the dispute and its potential impact on the company’s operations.