NEW DELHI, INDIA: IT firm HCL Technologies' chief executive officer Vineet Nayar said on Tuesday that the company was considering some small acquisitions over the next year. Last year, HCL Technologies had acquired four companies.

The buys are expected to close gaps in service offerings in certain areas like healthcare and life sciences, a PTI report said.

"HCLT continues with its pearl-on-strings acquisition strategy to fill up gaps in certain areas and you may see some acquisitions in the next few quarters," Nayar was quoted as saying.

Meanwhile Dow Jones Newswires reported that State Bank of India (SBI) is in talks to raise a $300 million syndicated loan for HCL Technologies. But a connection between the fund-raising and the planned acquisitions are so far not talked about.

The loan is expected to be raised at 425 basis points above the London Interbank Offered Rate, the report said, citing an anonymous person.

Recently there were reports that HCL Technologies was looking to get more out of its infrastructure services business, which had been its mainstay so far.

As on 30 September 2009, the company, along with its subsidiaries, had consolidated revenues of $2.3 billion (Rs 11,270 crore).