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Kochhar & Co. advises Oracle Global for Offer For Sale of Shares

Kochhar & Co. advised Oracle Global (Mauritius) Limited for offer for sale of 4.4 million equity shares of Oracle Financial Services Software Ltd. (India) at a price of INR 2,275 (Rupees Two Thousand Two Hundred and Seventy Five Only) per share. The brokers Morgan Stanley India Company Private Limited ("Morgan Stanley") and Deutsche Equities India Private Limited ("Deutsche Equities") were advised by Indian legal counsel Yash Asher - Partner whose team comprised of Kranti Mohan and Anhimanyu Bhattacharya from Amarchand Mumbai and Foreign legal counsel Rajiv Gupta Partner and Scott Calver from Latham Watkins.

Oracle Global (Mauritius) Limited reduced its stake in Oracle Financial Services Software Ltd. to 75 percent and achieved the requisite public shareholding of 25 percent as required by the Indian market regulators. The deal size for the offer for sale through stock exchanges was approximately INR 1 billion.

Kochhar & Co.'s team comprised of Partner - Harminder (Harry) Chawla and Akshit Kapoor.


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