i-flex Solutions Ltd on Wednesday said Mauritius-based Oracle Global Ltd along with PAC Oracle Corporation has acquired 42.41 per cent stake in the company.
Oracle Global Ltd and PAC Oracle Corporation has acquired 32,236,000 equity shares of the company through negotiated settlement, i-flex informed the National Stock Exchange.
After the acquisition, the shareholding of Oracle Global Ltd is 32,753,375 shares aggregating to 43.09 per cent of the total paid up capital of i-flex Solutions Limited, it added.