Subsidiary22 Jul 2026, 04:40 pm
Sun TV Subsidiary Issues 99,999 Bonus Equity Shares
AI Summary
Sun TV Network Limited's wholly-owned subsidiary, SunRisers Leeds Limited (formerly Northern Superchargers Limited), has approved a bonus issue of 99,999 Equity Shares of 1 GBP each. This issuance will increase Sun TV Network's total holding in SRL to 100,000 shares. Importantly, the bonus issue will not alter the percentage of Sun TV Network's shareholding, ensuring SRL continues to be a wholly-owned subsidiary. The decision was made by the Board of Directors of SRL on July 21, 2026.
Key Highlights
- Wholly-owned subsidiary issues bonus equity shares.
- Sun TV Network's stake remains at 100% post-issue.
- No change in shareholding percentage for the parent company.
- Subsidiary name changed from Northern Superchargers Limited.
Price Impact
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