SunRisers Leeds Limited Approves Bonus Issue of Equity Shares for Sun TV Network
Sun TV Network Limited's subsidiary, SunRisers Leeds Limited (SRL), has approved a significant bonus issue aimed at its parent company. The decision was made by the Board of Directors of SRL during a meeting held on July 21, 2026.The board sanctioned a bonus issuance comprising 99,999 Equity Shares to Sun TV Network Limited. These shares are valued at a face value of 1 GBP each.
Following the completion of this bonus issue, Sun TV Network Limited is set to hold a total of 1,00,000 Equity Shares in SRL. The transaction will ensure there is no change in the percentage of shareholding held by Sun TV Network Limited. Furthermore, SRL will continue to operate as a wholly owned subsidiary of the parent company.
The key financial details of the bonus issue are summarized below:
| Entity | Transaction Detail |
|---|---|
| Subsidiary | SunRisers Leeds Limited (SRL) |
| Action | Bonus Issue Approved |
| Date of Approval | July 21, 2026 |
| Shares Issued to Parent Company | 99,999 Equity Shares |
| Face Value per Share | 1 GBP |
| Post-completion Holding by Sun TV Network Limited | 1,00,000 Equity Shares |
SUNTV Stock Price Movement
On Wednesday, shares of Sun TV Network Limited shed 0.21%, finishing the session at ₹490.8 after trading down by ₹1.05 from the previous close. The equity traded within a range, dipping as low as ₹489.8 and peaking at ₹498.8 during the day, with 79,598 shares exchanged.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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