Mumbai, June 2 (PTI) Media conglomerate Sun TV Networks fell by 30 per cent and low-cost air carrier SpiceJet by 12 per cent in early trade on the bourses today after Dayanidhi Maran -- the brother of the owner of both companies -- was named in a public lawsuit over the 2G spectrum scam.
Sun TV's scrip opened on a weak note on the Bombay Stock Exchange and fell 29.78 per cent to a low of Rs 265 amid reports that Maran family-owned Sun TV Network was a beneficiary of pay-offs by an overseas telecom firm.
SpiceJet, which is owned and run by Kalanithi Maran, the brother of DMK leader and Union Minister Dayanidhi Maran, suffered a similar fate. After opening at Rs 40.45, SpiceJet dropped 12.16 per cent to a low of Rs 36.10.