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Indian IT companies seek edgy foreign acquisitions

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  © Reuters

MUMBAI -- Following in the footsteps of its bigger rivals, Indian engineering company Larsen & Toubro's information technology arm has major acquisition ambitions in Europe to increase its presence outside North America.

L&T Infotech is due to launch its initial public offering on July 11, and said it is chasing "new age consultancies, new age infra-management services, analytics, and industrialized internet of things" to enhance its digital and automation capabilities.

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