New guidelines issued by the Indian government have raised the threshold for public shareholding in listed companies to 25%. Speculation around the new legislation turned to Oracle, naturally, as a major player in India.
The new guidelines, however, will not currently affect Oracle Financial Services, its Indian arm. Oracle’s public holding is less than 25%, which means that the company will not need to delist its Indian arm; at least, not in the near future, anyway.
Having said this, Oracle is currently in talks to offload up to 9% of Oracle Financial Services. Currently, it holds 80.47%. The funds raised by this, Oracle spokespeople have said, will be used for expansion and acquisitions in India.
And expand Oracle will. Last month, reports came in that Oracle had already acquired 3.5 lakh square feet of commercial space at Kalyani Magnum, JP Nagar. Never a company to be left behind in its quest for market dominance, Oracle purchased the space as fellow IT services provider Capgemini signed for 2.5 lakh sqft of office space at the Summit in Brigade Metropolis, which could house 2,000 employees.
Whilst it expands in the East, Oracle has been working on improving its Sun offering too. This week, Oracle unveiled the new versions of its Sun Ray Client and the Virtual Desktop Infrastructure software it runs on. This is the first time the products have been revamped since the Sun takeover.
Wim Coekaerts, Oracle senior vice president for Linux and virtualisation engineering, said:
“Oracle is committed to helping customers leverage the power of virtualisation through the most complete and integrated portfolio, spanning desktop, server, storage and middleware.”
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