Cognizant Technology Solutions is exploring a secondary listing in India through Indian Depository Receipts (IDRs), sources told CNBC-TV18.

The US-based IT services major is holding talks with regulators and other authorities to explore possible options for the India listing. The move, if it goes through, could help bridge what analysts call a "price-performance gap" between Cognizant and its Indian peers.

Indian markets continue to value IT services as a core sector, and Cognizant's management believes that listing in India could enhance shareholder value and broaden its investor base.

"Cognizant's board and management team regularly assess opportunities to enhance shareholder value. As part of this, we are evaluating a potential primary offering and a secondary listing in India with o

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