The board of SunRisers Leeds (SRL), a wholly owned subsidiary of Sun TV Network, approved a bonus issue of 99,999 equity shares during its meeting held on 21 July 2026. According to reports from Business Standard, these shares carry a face value of 1 GBP each and have been allotted to Sun TV Network.
Following the completion of the bonus issue, Sun TV Network will hold 1,00,000 equity shares of face value 1 GBP each in SunRisers Leeds. As reported by Business Standard, there will be no change in the percentage of shareholding of the company in SRL. The subsidiary will continue to remain a wholly owned subsidiary of Sun TV Network.
The bonus issue represents a wholly owned subsidiary structure where Sun TV Network maintains complete control over SunRisers Leeds. According to the reports, this corporate arrangement ensures that Sun TV Network retains full ownership and operational control of the subsidiary entity.
This bonus issue comes as part of broader corporate developments in the Indian market, with companies like Standard Engineering Technology also conducting significant capital restructuring activities. The timing reflects ongoing corporate restructuring trends across various sectors, with companies actively managing their subsidiary structures and shareholding arrangements to optimize their business operations.
