Shares of Cairn India bounced back over 7 per cent on Wednesday, a day after it saw selling pressure in the wake of Vedanta merger reports. The stock, which lost 4.5 per cent in the previous session, rose 7.07 per cent to Rs 184.80 on BSE.
On NSE, Cairn India went up 5.95 per cent to Rs 183.30.
Shares of Vedanta jumped 1.26 per cent at Rs 184.85.
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.