OFSS clarifies no link to Oracle data centre debt.

Oracle Financial Services Software Limited

has clarified market rumors regarding Oracle’s $18-billion data centre debt. The company affirms it has no knowledge of any negotiations or material price sensitive information. OFSS stated it is unaware of any discussions related to the reported debt matters at the parent level. The clarification aims to address speculation that affected the stock. The company operates independently in financial software solutions. The key point is the firm denial of any knowledge or involvement in the $18-billion debt issue. This should help separate OFSS from parent-level concerns. Other IT peers such as Infosys and TCS may see limited spillover. Near-term price stabilisation is possible after the clarification. Risks remain if further parent-related news emerges. We have no financial interest in this news.