Sun TV Network Ltd shares fell to a 52-week low on Friday on media reports that former telecom minister Dayanidhi Maran had been questioned by the Central Bureau of Investigation (CBI).

Sun TV shares dropped 11.17% to Rs.261.65 at close of trading on BSE on Friday while the benchmark Sensex had gained 1.20% to 16,839.19 points.

Dayanidhi Maran, whose brother Kalanithi controls Sun TV, was questioned earlier this month in connection with allegations that he had received Rs.547 crore in kickbacks for enabling Maxis Communications Bhd's acquisition of Aircel Ltd, media reports said on Friday, citing people in the CBI they didn't identify.

"Unless a clarity emerges on the Aircel-Maxis deal, Sun TV shares are vulnerable to the investigations carried out by CBI..," said a media analyst who tracks Sun TV.

The analyst didn't want to be named.

In June 2011, Sun TV had blamed sharp fluctuations in its share price on "baseless allegations and rumours linking the company with certain happenings relating to the 2G (second-generation telecom spectrum) scam".

The company rejected any links to the alleged wrongdoing involved in decisions relating to telecom, and said Dayanidhi Maran had no role in the management.

"We wish to clarify that Dayanidhi Maran does not own any shares either in Sun TV Network Ltd or in Sun Direct TV Pvt. Ltd. We also wish to state that Sun TV Network Ltd does not have shareholding in Sun Direct TV or vice versa," it said at the time. "We reiterate that business continues as usual and will not be hampered."

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http://www.livemint.com/2012/07/27215528/SunTVNetwork-shares-touch-52.html?atype=tp