




After winning the bid for the Hyderabad IPL franchise in October, the Sun Group is now betting big on its new catch.
News of a stake sale in SpiceJet was doing the rounds. But, SL Narayanan, Group CFO of Sun Group denied any such reports and said the Marans continue to hold 48.6% in the airline.
SL Narayanan, Group CFO at Sun Group says 55 percent of the ad revenue for the company came in from the FMCG sector, where he expects a distinct shift in spending pattern. "We expect double-digit ad revenue growth rate for the third quarter of this year," he told CNBC-TV18 in an interview.