Wednesday 28 October 2015

Cairn India slips 3%

The merger proposal of Cairn India Ltd. and Vedanta Ltd. can be put to vote for shareholders approval by January 2016, Vedanta Resources Plc CEO Tom Albanese said.


Shares of Cairn India Ltd were lower by 3% at Rs. 153. The merger proposal of Cairn India Ltd. and Vedanta Ltd. can be put to vote for shareholders approval by January 2016, Vedanta Resources Plc CEO Tom Albanese said.

The scrip opened at Rs. 153.1 and has touched a high and low of Rs. 156 and Rs. 152.2 respectively. So far 924865(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 29632.05 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 292 on 27-Oct-2014 and a 52 week low of Rs. 121.25 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 160.5 and Rs. 151.7 respectively.
The promoters holding in the company stood at 59.88 % while Institutions and Non-Institutions held 23.43 % and 16.69 % respectively.
The stock is currently trading below its 200 DMA.

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