Company Denies Media Report on Possible Demerger of Sports Division

A news item on CNBC TV18 / cnbcawaaz.com dated September 30, 2026 spoke of a "Possible Demerger of Sun TV's sports division".

Wed 30 Sep 2026

What happened

A news item appeared on CNBC TV18 and cnbcawaaz.com on September 30, 2026, captioned "Possible Demerger of SUN TV's sports division". Under the stock exchanges' rumour verification requirement, the Company has issued a clarification.

The Company's reply

• The news item is described as a rumour, and the Company says it cannot comment on market rumours.
• The Company states it has made all necessary disclosures under Regulation 30 of the SEBI LODR Regulations, 2015 till date.
• It confirms there is no impending material price sensitive information or announcement which may have a bearing on the price or volume behaviour in the scrip.

How to read this

Rumour verification updates are required when mainstream media carries market-moving speculation about a listed company. Here the Company has neither confirmed nor elaborated on any demerger plan; it has denied that the report reflects a disclosed or impending corporate action. Investors typically treat such a reply as a clear statement that nothing has been decided or is pending disclosure as on the date of the letter.

The letter carries no financial figures, no scheme of arrangement and no timeline. Any actual demerger would require board approval and separate disclosure to the exchanges.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.