Soon after increasing its stake to 55.1% in i-fl ex during last August, Oracle is aiming a further 20% share increase in it. World’s biggest database soft ware maker, Oracle, has offered to buy nearly 16.62 million shares for a sum of Rs.24.5 billion. As required by Securities and Exchange Board of India (SEBI), Oracle is making an open offer to minority shareholders of i- fl ex as its present shareholding is more than 5%. If Oracle succeeds in acquiring the 20% stake, its total stake in i- fl ex will exceed 75%. Oracle had financed the last purchased of i-fl ex through a share swap.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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