Oracle Financial Services Software Ltd., majority owned by Oracle Corp., plans to raise around Rs.1,008 crore through a share sale to institutional investors.
The founders plan to cut their stake in the company by 5.3 percent by selling as much as 4.430,501 shares of Rs.5 each to meet the regulatory condition of having at least 25 percent public shareholding for companies listed in India.
It has fixed the floor price at Rs.2,275 per share for the issue which launched on Wednesday.
Earlier, real estate developer Puravankara Projects said it would raise $33 million through a share sale, while DLF Ltd raised $337 million earlier this month.
At the BSE, Oracle Financial Services Software shares are currently trading at Rs.2,448, up 1.15 percent from the previous close.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.