AIET Techabout 2 hours ago
Debt's driving Indian IT's new shopping spree
3 min read
Indian IT services firms are using debt financing for large acquisitions, abandoning a long-held preference for debt-free balance sheets. Persistent Systems secured a $1.5-billion bridge loan from Barclays to back its proposed acquisition of German IT firm Nagarro. The shift aims to strengthen AI capabilities and expand into new markets.
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