MUMBAI: Kalanithi Maran?s open offer was lapped up on the bourses on Wednesday. The founder of the Sun TV Network had to divest two per cent of his holding in the company to comply with a Sebi regulation which specifies that public shareholdings in listed entities should be a minimum of 25 per cent. And the deadline to achieve that is 4 June 2013.

Maran had put 7.88 million shares on the market, and the offer was oversubscribed 3.17 times, so say media reports. The share was bought at levels much higher than the floor price of Rs 403 each that had been set.

Because of brisk demand for Sun TV shares, its price rose during trading and at closing it was at Rs 428.50, a tad higher than its opening. One of the estimates put out by livemint.com is that Maran raised almost Rs 327.8 crore through the stock sale.
 
With this divestment,Maran now holds around 295.52 million shares in Sun TV.

MUMBAI: Sun TV Network?s Tamil kids channel Chutti TV has taken the rights for 3D computer-animated series ?Little Krishna?, a co-creation between Big Animation and India Heritage Foundation, promoted by Iskcon Bangalore.

The channel will host a two-day carnival on 23 and 24 February at Kumararani Meena Muthiah College of Arts and Science, Adyar. Games and entertainment centered on the life of Lord Krishna will be the attraction of this fun festival.

The highlight of this two-day event will be the ?Hunt for Voice of Krishna?. A voice hunt to identify talented children to render voice for the lead characters in the cartoon ?Little Krishna? will be conducted and the chosen children will work closely with the Chutti TV team for this unique opportunity.

The event including the dubbing work by the children will be telecasted on Chutti TV. The event will be sponsored by Candyman Cr?me Lacto and powered by Top Ramen.