Wednesday, 10 June 2015

Cairn India stock up 2% on merger news

The stock has hit a high of Rs. 178 and a low of Rs. 172.

Shares of Cairn India were up 2% at Rs. 175 on reports that Vedanta is in the final stages to announce a merger of its subsidiary Cairn India,

The stock has hit a high of Rs. 178 and a low of Rs. 172.

The move will give the parent access to Cairn's cash and help reduce debt, says report. 

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