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Home News NSE, BSE to discontinue trading in Cairn India shares from 26 April

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NSE, BSE to discontinue trading in Cairn India shares from 26 April

NSE, BSE to discontinue trading in Cairn India shares from 26 April

Saturday, April 15, 2017, 12:27 PM

Top stock exchanges NSE and BSE will discontinue equity as well as equity derivative trading in the security of Cairn India from 26 April, as the cash-rich oil producer has merged into its debt-ridden parent Vedanta. Under the merger deal, shareholders of Cairn India will get one equity share of Vedanta and four redeemable preference shares of face value Rs.10 and coupon 7.5%.
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