Stories
Sun TV Shares Soar 18% on Potential IPL Business Demerger News
C
CNBC TV18•30-09-2026, 14:33
Sun TV Shares Soar 18% on Potential IPL Business Demerger News
- •Sun TV Network Ltd. shares jumped 18% following a CNBC Awaaz report about a potential demerger of its IPL business assets.
- •The company owns three cricket franchises: SunRisers Hyderabad (IPL), SunRisers Eastern Cape (Cricket South Africa’s T20 League), and SunRisers Leeds Ltd. (The Hundred in the UK).
- •A demerger could unlock significant shareholder value, with the IPL franchise alone potentially valued between $1.4 billion - $1.5 billion (–14,000 crore).
- •IPL-related revenue constituted 33% of Sun TV’s revenue in the first quarter, highlighting its financial significance.
- •Sun TV clarified that there is no impending material price-sensitive information, despite the stock surge.
Key Questions Answered
Sun TV's share price surged following an exclusive report that the company is looking to separate its IPL business and prepare for a potential demerger of its cricket franchise assets.
Sun TV owns three cricket franchises: SunRisers Hyderabad in the Indian Premier League, SunRisers Eastern Cape in Cricket South Africa's T20 League, and SunRisers Leeds Ltd. in The Hundred in the UK.
According to a brokerage report, Sun TV's IPL franchise could be valued between $1.4 billion and $1.5 billion, which is approximately ₹13,000 crore to ₹14,000 crore.
