India Inc explores options to acquire companies abroad

Indian companies having strong balance sheets have shaken off the shock from the coronavirus pandemic to chase overseas acquisitions, hoping to pick up attractive assets whose valuations have been hammered by the virus.
"IT firms are cash-rich and keep acquiring overseas companies to build capabilities in weak areas. So, deals in the digital, cloud, and SaaS space keep seeing healthy activity,” said Ajay Garg, managing director at Mumbai-based i-banking firm Equirus Capital.