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Cairn India recoups loss, jumps nearly 6%

 The Hawk |  2015-06-11 07:40:58.0  0  Comments

Cairn India recoups loss, jumps nearly 6%

Mumbai: Shares of Cairn India bounced back nearly 6 percent Wednesday, a day after it saw selling pressure in the wake of Vedanta merger reports. The stock, which lost 4.5 percent in the previous session, rose 5.67 percent to Rs 182.40 on BSE. On NSE, Cairn India went up 5.43 percent to Rs 182.40. Shares of Vedanta were up 1.23 percent in early trade, but later surrendered the gains, trading flat at Rs 181.60, down 0.52 percent, on 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. PTI

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