Cairn India recoups loss, jumps nearly 6%

Shares of Cairn India bounced back nearly 6% ib Wedbesday, a day after it saw selling pressure in the wake of Vedanta merger reports.

The stock, which lost 4.5% in the previous session, rose 5.67% to Rs 182.40 on BSE.

On NSE, Cairn India went up 5.43% to Rs 182.40.

Shares of Vedanta were up 1.23% in early trade, but later surrendered the gains, trading flat at Rs 181.60, down 0.52%, 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.