Vedanta, one of the largest diversified natural resources company has received 'no objection' from the Bombay Stock Exchange and the National Stock Exchange of India for the merger of Cairn India.
The company said, "Vedanta and Cairn India have received no objection from BSE and the NSE vide their observation letters dated Sept 10, 2015 in relation to merger of both companies"
"The no objection letters has been issued by the stock exchanges after receiving comments from Securities and Exchange Board of India," the company added.
Shares of the company declined Rs 4.1, or 4.06%, to settle at Rs 96.90. The total volume of shares traded was 912,784 at the BSE (Tuesday).