Oracle Corp said on November 22 it would pay interest of 11.35 rupees ($0.25) per share to compensate shareholders in India's i-flex solutions Ltd for a delay in a proposed open offer.
Oracle, the world's biggest maker of database software, in September offered to pay up to $531 million to lift its stake in its majority-owned software developer.
The offer, which was scheduled to run from November 6 to November 25, will now run from December 4 to December 23, Oracle said in a statement.
The total offer size has risen marginally to 16.631 million shares from 16.629 million shares. The offer price of 1,475 rupees per share remains unchanged.
If Oracle acquired the 20 percent stake, it would boost the California-based firm's holding in i-flex to about 75 percent.
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