Dispute between Dayanidhi Maran and Kalanithi Maran is worth Rs…; who is richer among the two brothers?

DMK MP Dayanidhi Maran has despatched a right stare to his elder brother Kalanithi Maran– the billionaire  chairman and founding father of Sun Community, one amongst India’s largest media conglomerates– alleging that Kalanithi committed fraud in 2003, when he got 12 lakh shares of the Sun TV network, allegedly without the board’s approval.

How principal cash is dispute price?

Within the right stare, Dayanidhi Maran claimed that sooner than the part transfer, Kalanithi Maran did not hold single part of the firm to his establish, but fraudulently managed to compose 12 lakh fairness shares without board approval. At the time, Sun TV shares traded at Rs 10 apiece, and the firm had been valued at around Rs 3000 crore.

Thus the dispute between the Maran brothers is price Rs 3000 crore.

Dayanidhi alleges that in 2003, without delay after the demise of their father, Murasoli Maran, Kalanithi fraudulently registered 12 lakh shares in his establish, when the family used to be soundless in mourning. Kalanithi allegedly flouted company laws and transferred the shares without permission from the firm’s board.

As per Dayanidhi’s stare, Kalanithi Maran has got Rs 5,926 crore as dividend in 20 years, including Rs 455 crore in 2024 alone.

Who're the Sun TV stakeholders?

In his stare, Dayanidhi asserted that after their father’s demise, both brothers should hold got and equal 50-50 stake in the firm, but Kalanithi fraudulently transferred 12 lakh fairness shares to his establish, which gave him a 70 percent possession in the industry. His stake has at the 2nd expanded to 75 percent.

Aged Union Minister and DMK leader Murasoli Maran, launched TV Network in 1993, which at the 2nd operates 37 satellite tv for laptop channels, ranging from entertainment to news and infotainment, reaching around 14 crore viewers across the nation. Over time, the Sun Community has also expanded into radio, newspapers and DTS broadcasting.

At the 2nd, the market cap of the Sun TV network is pegged at around Rs 24,000 crore.

Dayanidhi Maran or Kalanithi Maran– who's wealthier?

In step with Forbes, Sun Community chief Kalanithi Maran has a get price of $2.8 billion, making him richer than his brother Dayanidhi Maran, no longer lower than on paper. Furthermore, Kalanithi Maran’s daughter, Kavya Maran, owns the Sunrisers Hyderabad IPL franchise, and the Maran family no longer too lengthy ago got a county cricket crew in England for Rs 1,094 crore.

Kalanithi receives an annual package deal of Rs 87.50 crore from Sun TV Network, whereas his wife Kaveri Maran, who's an government director in the firm, also will get an annual package deal of Rs 87.50 crore.

In inequity, Kalanithi’s younger brother, Dayanidhi Maran, has total resources price Rs 11.67 crore, to boot to a monetary institution balance of Rs 2 crore, and gold price Rs 50 lakh, in step with essential declarations he made sooner than the 2023 utter polls.

Additional, Dayanidhi has invested Rs 60 lakh is shares of some companies, and has Rs 2 lakh in PF epic and an L&T policy of Rs 6 lakh. In step with crucial parts, the DMK leader has movable resources price Rs 3.65 crore and a 3,000 sq. feet land through immovable property.