With valuations coming to a realistic level because of the coronavirus disease (Covid-19)-induced crisis, many IT services firms with sound balance sheets have started exploring the possibilities of acquiring companies operating in niche areas. According to sources in the know, strategy teams of many IT firms have sounded out investment bankers and analysts about opportunities that could be the right fit before conducting any formal due diligence.
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First Published: Wed, April 08 2020. 02:48 IST