Is Oracle planning to delist its Indian arm?

Unable to exert full control on its Indian arm, Oracle is planning to delist Oracle Financial Services and the senior management has already met to discuss the contours of the deal, reported CNBC TV18's Kritika Saxena.


Oracle says it is facing many additional risks and local securities regulations as it is yet to adhere to the 25 percent public shareholding norm. Oracle currently holds 80.36 percent in its Indian entity.

The Indian units of various multi-national companies (MNCs) have public shareholding of less than 25 percent and many of them have been resisting to dilute the promoter holdings to below 75 percent, for which Sebi has set a deadline of June 2013.

The delisting is yet to be cleared by the Oracle global boar, which will also decide the timeline for the process.

Oracle declined to comment on the story.

Updated Date: Dec 20, 2014 11:00 AM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent