What stops Infosys or TCS from bidding for CSC and ACS, asks a columnist in an article in an Indian newspaper, as the two North American vendors are now on sale?
So far, Indians have not relied too much on inorganic growth path. Of late, however, most of them have started acquiring companies onshore, though on a smaller scale.
With private equity firms pitching in to tie up, is it finally time for Indian companies to go big time?
Not for Sale
Affiliated Computer Services has issued an official statement that it is not selling out. It says that "recent unsolicited discussions with a group of private-equity investors regarding a possible sale of the company have ended."
The company says it has been considering alternatives to enhance shareholder value, but has ruled out a sale of the company.