Cairn India witnessed a sharp fall in share price on Tuesday after media reports stated the metal and mining giant Vedanta may announce a merger of its subsidiary Cairn India with itself.

Cairn India is one of the largest independent oil and gas exploration and production companies in India.

Shares of Cairn India are trading at Rs 172.95, down Rs 7.7, or 4.26% at the Bombay Stock Exchange (BSE) on Tuesday at 10:28 a.m.

Total volume of shares traded on the bourses today was lower by 19.44% to 1,405,580 compared with 22-day average volume of 1,744,773.