Oracle Financial Services Software's promoter to reduce stake through offer for sale equity shares

Oracle Financial Services Software Ltd has received a letter from the Promoter notifying the Company about their intention to reduce their shareholding in the company by 5.3%, so as to comply with the minimum public shareholding requirements in terms of Rule 19 (2) (b) and 19 A of SCRR read with clause 40 A of the Listing Agreement and as per Clause 5(b) of Circular No. CIRIMRDIDPI18/2012 dated July 18, 2012. notified by the Securities Exchange Board of India ("SEBI" and such circular as "SEBI OFS Circular") as amended through Circular No. CIR/MRD/DP/04/2013 dated January 25, 2013 (the "SEBI Amended Circular" and together with SEBI Circular, "SEBI OFS Circulars").

Shares of Oracle Financial Services Software Ltd was last trading in BSE at Rs.2611.85, down by Rs.13.15 or 0.50%. The stock hit an intraday high of Rs.2625 and low of Rs.2602.05.

The total traded quantity was 23 compared to 2 week average of 10068.

Source : Equity Bulls

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