BUZZ-India's Oracle Financial falls after media report parent Oracle may sell stake

Oracle Corporation

Oracle Corporation

ORCL

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** Shares of India's Oracle Financial Services Software ORCL.NS fall 5.17% to 10,307 rupees

** Parent Oracle Corp ORCL.N is exploring a sale of a stake in the Indian software company and has reached out to investors to gauge interest, CNBC-TV18 reports, citing sources

** Size of the stake sale is likely to be decided based on investor appetite, report adds

** Oracle Financial Services and Oracle Corp did not immediately respond to Reuters requests for comment

** Oracle Corp held a 72.41% stake in Oracle Financial Services Software as of June 30, according to exchange data

** YTD, ORCL up 33.51%


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