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Shares of Cairn India and Vedanta were trading firm on the bourses after Vedanta, Cairn India and Vedanta Resources plc together with its subsidiaries on 14 June 2015, announced a merger between Vedanta and Cairn India.
At 1002 hours, Cairn India was up nearly 2% at Rs 184 on the BSE. The stock hit a high of Rs 187 and a low of Rs 176 so far.
Shares of Vedanta were trading flat at Rs 185 after hitting high of Rs 189 on the BSE. The stock hit a low of Rs 182.
Cairn India shareholder would be offered an equity share of Vedanta Ltd, besides a 7.5% redeemable preference share of Rs 10 face value.
Meanwhile, thus far in 2015, the stock of Cairn India has dipped 25% and of Vedanta by 14% as compared to 4% decline in the benchmark S&P BSE Sensex till yesterday.
At 1002 hours, Cairn India was up nearly 2% at Rs 184 on the BSE. The stock hit a high of Rs 187 and a low of Rs 176 so far.
Shares of Vedanta were trading flat at Rs 185 after hitting high of Rs 189 on the BSE. The stock hit a low of Rs 182.
Cairn India shareholder would be offered an equity share of Vedanta Ltd, besides a 7.5% redeemable preference share of Rs 10 face value.
Meanwhile, thus far in 2015, the stock of Cairn India has dipped 25% and of Vedanta by 14% as compared to 4% decline in the benchmark S&P BSE Sensex till yesterday.
