Cash-rich IT firms turn to debt for acquisitions, buybacks

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 19 Aug, 00:30 UTC

Indian technology firms are increasingly leveraging borrowed funds for acquisitions and share buybacks to elevate revenues and align with investor demands. Leaders such as Cognizant, Persistent Systems, and Coforge are exploring external credit options. This aggressive financial strategy signals a…