Times of IndiaLean R·
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.
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