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Shares of Cairn India bounced back nearly 6 per cent today, a day after it saw selling pressure in the wake of Vedanta merger reports.
The stock, which lost 4.5 per cent in the previous session, rose 5.67 per cent to Rs 182.40 on the BSE.
On the NSE, the stock went up 5.43 per cent to Rs 182.40.
Shares of Vedanta were up 1.23 per cent in early trade, but later surrendered the gains, trading flat at Rs 181.60, down 0.52 per cent, on the BSE.
Billionaire Anil Agarwal-led group plans to merge its cash-rich oil and gas explorer Cairn India with its flagship metals and mining company Vedanta Ltd in an all-share deal, which would cut down the group’s huge debt.
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