Oracle Financial Services Software Ltd, promoted by Oracle Global (Mauritius) Ltd, will raise as much as Rs 10 billion by selling 4.4 million shares to institutional investors. The promoters of the company are reducing their stake by 5.3 per cent to meet the minimum shareholding norms of market regulator Securities and Exchange Board of India (Sebi). The company has fixed the floor price of Rs 2,275 per share for the issue which opens on Wednesday, said Oracle Financial in a filing to the BSE on May 22, 2013. At 12:00 hours, shares of the company were trading at Rs 2,460 a piece, up 1.65 per cent from previous close on BSE.
Wednesday, 22 May 2013
Oracle Financial promoters plan to sell 4.4 mn shares to meet Sebi norms
Oracle Financial Services Software Ltd, promoted by Oracle Global (Mauritius) Ltd, will raise as much as Rs 10 billion by selling 4.4 million shares to institutional investors. The promoters of the company are reducing their stake by 5.3 per cent to meet the minimum shareholding norms of market regulator Securities and Exchange Board of India (Sebi). The company has fixed the floor price of Rs 2,275 per share for the issue which opens on Wednesday, said Oracle Financial in a filing to the BSE on May 22, 2013. At 12:00 hours, shares of the company were trading at Rs 2,460 a piece, up 1.65 per cent from previous close on BSE.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment