/ Cairn India Trades Weak On Its Last Day Of Trading ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 25 April 2017

April 25, 2017, is the last day of trading in the Cairn India Limited stock. From Wednesday onwards, investors cannot trade in the Cairn India Limited share and its derivatives contracts.

The debt-ridden Vedanta Limited, the parent company has acquired Cairn India Limited. As per the merger deal, the shareholders of Cairn India Limited will get one equity share of Vedanta; and four redeemable preference shares of face value Rs 10 and coupon rate of 7.5%.

The record date for the swap of shares is set at April 27, 2017.

Additional to the extra stocks of Vedanta Limited, the shareholders of Cairn India Limited would get the interim dividend of Rs 17.7 per equity share.

On the last day of trading, Cairn India Limited is losing its sheen, and is trading lower by around 0.6% at Rs 281.15 per share.

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