Kochhar, Amarchand and Latham lead on Oracle Financial Services OFS

Oracle Financial Services Software’s promoter Oracle Global (Mauritius) Limited has sold 5.3 per cent stake through offer for sale (OFS) route to meet SEBI’s minimum public shareholding norms..Kochhar & Co. advised Oracle Global (Mauritius) Limited for offer for sale of 4.4 million equity shares of Oracle Financial Services Software at a price of Rs. 2,275 per share. Kochhar team was led by Senior Partner and Regional Managing Partner (Mumbai) Harry Chawla along with Associate Akshit Kapoor..Amarchand Mangaldas advised the brokers Morgan Stanley India and Deutsche Equities India. Amarchand team was led by Mumbai Partner Yash Ashar along with Principal Associates Kranti Mohan and Abhimanyu Bhattacharya..Latham & Watkins acted as International legal counsel to the brokers with a team led by Partner Rajiv Gupta along with Legal Consultant Scott Calver..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 Rs. 1000 crore.