Mastek Limited (BSE:523704) will look for M&A. Hiral Chandrana, Global Chief Executive Officer said, "we have actually now formed a cross-functional team to focus on M&A. We're also seeing this as a continuum from a build, buy and partner perspective. And when I say that there are certain areas that we are going to organically create and build or strengthen, there are certain places where we partner with the broader ecosystem. And there are certain areas that we will acquire.

And we've been, again, transparent on those areas as well. It will be around CX and customer engagement, it will be around our cloud platform strategy as well as our data and intelligent automation space, around few leading platforms, particularly with focus on healthcare and life sciences and a few other verticals. So we've scanned multiple assets over the last three, four months.

We continue to have detailed discussions on some of them. We're hopeful that in the next couple of months we'll get into some level of maturity with M&A. It's taken a little bit longer than we expected. There is a lot of good -- the market is good, the valuations are high.

But we've been able to narrow it down to a focused set of targets and it's a journey. It's not going to be a one-time journey. This is part of our strategy for the next 3 years as well.

We'll be very effective and focused when it comes to M&A in the next quarter on this".