Oracle Financial Services drops on report about parent's $18 bln data center loan concerns

Oracle

21/09/2026 06:51

** Oracle Financial Services Software ORCL.NS down 6.4% at 11,131 rupees, their lowest level since July 31
** Stock on track for worst day since July 22 and top loser on IT index .NIFTYIT which is down 0.7%
** About $18 bln in loans tied to parent Oracle's ORCL.N leased data center in New Mexico has come under pressure, with loans quoted at 89 to 91 cents on the dollar by syndicate banks including Santander and Jefferies, FT reported on Friday
** Oracle, Santander and Jefferies did not respond to Reuters requests for comment at the time of the report
** YTD, stock up ~45% vs IT index's 24.3% drop


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))