The family reunion between the DMK and the Marans has boosted the investor sentiment in Kalanidhi Maran owned, Sun Network.  

Singapore based, Nalanda Capital has picked up 1.8% stake in the company, for a little over Rs 100 crore through an open market transaction on the Bombay Stock Exchange and also by deals through   Kirloskar Oil Engines and Carborundum Universal.

Nalanda bought 70 lakh shares of Sun at Rs 145 a share from Indiabulls Financial Services and the total deal is worth Rs 101.5 crore.

Sun has interests in TV channels, MSO, radio, newspapers, magazines and movie production. Its Sun Pictures got the production rights for the Rajinikant Aishwarya Rai starrer, ‘Endhiran the Robot’ last week after it made a successful debut some months back.

Sun’s Maran brothers have been in the news for the last one year for their break up and patch up with their grand uncle and Tamil Nadu chief minister M Karunanidhi. The patch up increased the investor sentiment, as a day after the family reunion was announced; Sun TV shares went up by 14%.  

The DMK Maran feud extended to the corporate sector as well as Karunanidhi’s family. This would now become milder with the truce between the families. On Monday, Sun TV’s shares on the BSE went down by 2.35% and closed at Rs 162.