New Delhi, Aug. 26 -- Indian companies across sectors such as artificial intelligence, enterprise technology, pharmaceuticals and consumer businesses are increasingly turning to acquisitions to gain technology, talent and intellectual property capabilities as merger and acquisition activity broadens across India Inc, according to Crisil Ratings.

The ratings agency said mergers and acquisitions are evolving from an occasional growth option into a core strategic tool for companies seeking to scale faster, enter new markets and acquire capabilities that would take longer to build internally.

"Indian corporates are increasingly using M&As to accelerate growth, expand market access and acquire capabilities that would take years to build orga...