New Delhi, Dec. 29 -- India's 10 largest information technology (IT) services companies have announced $4.3 billion in acquisitions in the current fiscal year, the highest since the turn of the century, as they look to acquire new competencies in AI and cloud technologies at a time of rapid technological change.

In FY25, the 10 companies paid $10.8 billion ( Rs.96,557 crore) in dividends and share buybacks and about $1.5 billion (around Rs.14,000 crore) on acquisitions, Mint research showed. Earlier in FY22, the same companies spent about Rs.27,000 crore on buyouts and gave Rs.81,669 crore to shareholders. Significantly, a few of the cash-rich, homegrown IT services firms, including Coforge Ltd and Hexaware Technologies Ltd, are now spen...