Oracle is now tendering for 35% of the outstanding shares, compared to 20% earlier, which will take its shareholding in i-flex, assuming it is successful, to 90%. This is the maximum Oracle can hold of i-flex while still retaining its publicly traded status. Assuming shareholders tender shares up to the maximum offer, Oracle will pay a total of Rs59.6 billion $1.34 billion for the stake.
Analysts in India commented on Friday that the pricing reflected both the bullish Indian stock market and OracleÆs interest in i-flex. When Oracle...
¬ Haymarket Media Limited. All rights reserved.