leading bourse National Stock Exchange will drop Cairn India from the securities lending and borrowing (SlB) segment from Wednesday as the cash-rich oil producer has merged into its debt-ridden parent Vedanta.
Besides, equity as well as equity derivative trading in the security of Cairn India will be discontinued. “Participants are requested to note that Cairn India ltd shall not be available for transactions in the SlB segment with effect from April 26, 2017,” the NSE said in a circular.