Sun TV shares jump 20% after demerger reports, company dismisses sports business rumours

Sun TV Network shares zoomed 20 per cent in early trade on Wednesday, hitting a fresh 52-week high of ₹663.90, following reports of a possible demerger of its sports division. However, the company dismissed the reports as rumours. The stock was trading at ₹610, up 10.26 per cent, at 2.46 pm.Company…