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Debt's the way for Indian IT acquisition funding
BENGALURU: Persistent Systems' $1.5-billion bridge financing from Barclays for its proposed acquisition of German IT firm Nagarro is the latest sign that Indian IT companies are increasingly comfortable using debt to fund transformative acquisitions. This marks a departure from the industry's long-standing preference for cash-rich, debt-free balance sheets.
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timesofindia.indiatimes.com
Persistent bids to buy German company for $1.3 billion
BENGALURU: In one of the largest cross-border acquisitions by an Indian IT services company, Persistent Systems has launched an all-cash bid to acquire Germany’s Nagarro for about…
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Debt's the way for Indian IT acquisition funding
BENGALURU: Persistent Systems' $1.5-billion bridge financing from Barclays for its proposed acquisition of German IT firm Nagarro is the latest sign that Indian IT companies are…
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economictimes.indiatimes.com
In key structural shift, debt becomes the big new vehicle as Indian IT goes deal-shopping
Indian IT firms are increasingly embracing debt financing for major acquisitions, a departure from their traditional debt-free approach. This is aimed at bolstering AI…