  We study an intermediate-age open cluster NGC 2506 using the
\textit{ASTROSAT}/UVIT data and other archival data. We identified 2175 cluster
members using a machine learning-based algorithm, ML--MOC, on Gaia EDR3 data.
Among the cluster members detected in UVIT filters, F148W, F154W, and F169M, we
detect 9 blue straggler stars (BSS), 3 yellow straggler stars (YSS) and 3 red
clump (RC) stars. We construct multi-wavelength spectral energy distributions
(SEDs) of these objects to characterize them and to estimate their parameters.
We discovered hot companions to 3 BSS, 2 YSS and 3 RC candidates and estimated
their properties. The hot companions with estimated temperatures,
T$\mathrm{_{eff}}$ $\sim$ 13250--31000 K, are WDs of extremely low-mass ($\sim$
0.20 M$_\odot$), low-mass ($\sim$ 0.20--0.40 M$_\odot$), normal mass ($\sim$
0.40--0.60 M$_\odot$), and high-mass ($\sim$ 0.8 M$_\odot$). We suggest that
systems with extremely low mass and low mass WDs as companions are formed via
Case-A/Case-B mass transfer mechanism. A BSS is the likely progenitor of the
high mass WD, as a star with more than the turn-off mass of the cluster is
needed to form a high mass WD. Thus, systems with high mass WD are likely to be
formed through merger in triple systems. We conclude that mass transfer as well
as merger pathways of BSS formation are present in this cluster.
