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Shares of Sun TV, SpiceJet gain after Jayalalitha's arrest in disproportionate assets case

Shares of Sun TV, SpiceJet gain after Jayalalitha's arrest in disproportionate assets case

A special court on Saturday sentenced Tamil Nadu Chief Minister Jayalalithaa to four years in jail in disproportionate assets case.

Photo: Reuters Photo: Reuters

Shares of Sun TV Network gained 2.6 per cent in the early session on Monday, while the shares of SpiceJet surged 1.63 per cent.

Traders said gains were seen due to management control of the two companies by family members of key opposition party leaders in Tamil Nadu, which until last week was led by Jayalalithaa Jayaram.

A special court on Saturday sentenced Tamil Nadu Chief Minister Jayalalithaa to four years in jail in disproportionate assets case.

(Reuters)