Cairn India down nearly 4

Similarly at the National Stock Exchange,the scrip lost 3.73 per cent to Rs 313.45.

Dhir,who was the face of Cairn India since the time the firm8217;s British promoters listed it on the BSE to make the company more local,quit in less than eight months of London- based mining group Vedanta taking over the company.

8220;The Board of Cairn India announces that Dhir has decided to step down as Managing Director and Chief Executive Officer of the company effective August 31,2012 to pursue his entrepreneurial interests,8221; the company had said in a statement yesterday.

Meanwhile,the BSE barometer Sensex was trading at 17,672.02,up 71.46 points at 10:40 am.