Debt’s the way for Indian IT acquisition funding
Indian IT firms are increasingly embracing debt for significant acquisitions, a shift from their traditional cash-rich approach. Persistent Systems’ $1.5 billion financing for its Nagarro deal exemplifies this trend, driven by the need to build AI capabilities and expand globally. This strategic move aims for accelerated growth and relevance in a rapidly evolving tech landscape, though experts caution about the risks of high leverage if growth targets aren’t met.
Indian IT firms are increasingly embracing debt for significant acquisitions, a shift from their traditional cash-rich approach. Persistent Systems’ $1.5 billion financing for its Nagarro deal exemplifies this trend, driven by the need to build AI capabilities and expand globally. This strategic move aims for accelerated growth and relevance in a rapidly evolving tech landscape, though experts caution about the risks of high leverage if growth targets aren’t met.
Continue Reading
-
‘Long, Healthy Life’: J&K Lt Governor, Chief Minister’s Wish For PM Modi
- Qatar expels Iranian military, security attachés and staff after strikes on key energy facilities
-
India’s Wonder Women Make History, Beat South Africa To Clinch Their 1st-Ever World Cup Title
- Semicon India 2025: Fujifilm Electronic plans India factory
- ‘Reforms have made data more credible’, says PK Mishra
- No fear: Sooryavanshi smashes Bumrah for six first ball – Watch
- Updated World Test Championship Table After Australia Clinch Ashes Series Against England: What Does It Mean For India?
-
Gen Z Students Reject Elon Musk’s Offer, Their AI Model Outperforms OpenAI
- Union Budget 2026: Investing in an overseas house property
-
Big drop! Why bench strength of TCS, Infosys, Wipro & other IT companies has fallen by around 75,000 people