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Sun TV May Spin Off IPL Business; CNBC Awaaz Exclusive News Sends Stock Soaring 10%.
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CNBC Awaaz•30-09-2026, 12:20
Sun TV May Spin Off IPL Business; CNBC Awaaz Exclusive News Sends Stock Soaring 10%.
- •Sun TV Network is reportedly considering spinning off its IPL business, according to exclusive information from CNBC Awaaz sources.
- •Sources indicate Sun TV is preparing for a demerger to separate the IPL business, which could lead to significant value unlocking.
- •Following this news, Sun TV's stock surged over 10% in Wednesday's session, reaching a new year-high.
- •The company owns three cricket franchises: IPL's SunRisers Hyderabad, SA20's SunRisers Eastern Cape, and The Hundred's SunRisers Leeds.
- •SunRisers Hyderabad is an IPL franchise formed in 2012, while SunRisers Eastern Cape and SunRisers Leeds compete in the SA20 and The Hundred leagues, respectively.
Key Questions Answered
Yes, sources report that Sun TV Network is preparing for a demerger to separate its IPL business, which could lead to significant value unlocking.
Sun TV's stock experienced a sharp jump in Wednesday's session, surging about 20% to reach an intraday high and new yearly record of 664.
According to official documents, Sun TV Network owns three cricket franchises: IPL's SunRisers Hyderabad, South Africa's SA20 team SunRisers Eastern Cape, and SunRisers Leeds in The Hundred.
