New Delhi, Sept. 21 -- Oracle Financial Services share price plunged over 6.50% on NSE in Monday's trading session amid a Financial Times report said around $18 billion of loans linked to an Oracle-leased data centre in New Mexico had come under pressure.

Oracle Financial Services shares opened at Rs.11,787 apiece today, as compared to previous close of Rs.11,896 on Friday last week. The stock hit an intraday low of Rs.11,061 per share on 21 September.

According to the FT report, the loans were reportedly being quoted at 89-91 cents on the dollar by syndicate banks, including Santander and Jefferies.

The development comes amid concerns that growing local opposition to the project, driven by fears over its potential impact on water supp...