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Oracle Financial shares tank as promoter plans offer for sale

May 08, 2013    

Mumbai: Shares of Oracle Financial Services Software (OFSS) today tumbled by over 6 percent after its promoter Oracle announced that it will sell 5.3 percent stake in the company to comply with the minimum public shareholding requirements.Oracle will reduce its current 80.3 percent stake in OFSS, a provider of IT products to the financial services industry globally, to 75 per cent in order to meet ...

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