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Cash-rich Indian IT services companies go aggressive in M&A space

As capital allocation is altered, dividend payout to dip in the ongoing financial year

Indian IT services firms | India Inc's M&A activity | Mergers & Acquisitions

Debasis Mohapatra  |  Bengaluru 

IT, technology, internet, computer, telecom, data
This is being done to drive revenue growth at a time most firms posted a revenue decline in sequential terms in Q1 of FY21, which is traditionally considered to be a strong quarter for IT services companies | Imaging: Ajay Mohanty

As growth slows owing to the pandemic, cash-rich tier-I IT services are pursuing organic growth, including acquisition, indicating a change in capital allocation policies.



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First Published: Tue, July 28 2020. 06:01 IST