SAN FRANCISCO - Oracle said it had raised its bid for for the bulk of Indian banking software firm iflex Solutions to 1.3 billion dollars in what was its final offer.
Oracle offered 2,100 rupees per share in an effort to increase its stake in the company by 35 percent to 90 percent.
The offer was a 42 percent jump from the 1,475 ruppees per share previously offered by California-based business software behemoth Oracle.
"There will not be another open offer and Oracle will not undertake a delisting for at least the next five years unless i-flex shares are selling at a significantly lower price than they are today," Oracle chief executive Larry Ellison said in a release.