Oracle Financial Services Share: What Is the $18 Billion Debt About, and Should Shareholders Be Concerned?
India, Sept. 21 -- The shares of this company, which provides financial software, custom application development, consulting, IT infrastructure management, and outsourced business processing services to the financial services industry are in the spotlight after declining 5 percent in today's market session following its parent company's $18-billion data centre debt coming under pressure.
With a market capitalisation of Rs. 96,575 cr, the shares of Oracle Financial Services Software Ltd were trading at Rs. 11090 per share, decreasing 5% in today's market session, making a low of Rs. 11,055, down from its previous close of Rs. 11,675 per share.
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About $18 billion in loans financing an Oracle-leased data center in New Mexic...
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