Dell readies Rs 5,000 crore war chest for India buyout to boost IT business!

31 JAN, 2012, 07.02AM IST, SHRUTI SABHARWAL & PANKAJ MISHRA,ET BUREAU 

BANGALORE: Dell is on the prowl for an India acquisition worth up to $1 billion (Rs 5,000 crore), part of a strategy to bolster its information technology services business and compete better against the likes of IBM and Accenture. 


The world's third-largest computer maker wants to buy a mid-sized Indian tech firm with "several thousands of staff" and revenues of $500 million to $1 billion or even more, Suresh Vaswani, chairman of the company's Indian operations and executive vicepresident of the Dell's global application and BPO business



Michael Dell, founder of Dell Computer.                                                       Click here to read full story!