BT-Ernst & Young Deal Watch

Bharti Airtel is busy building a global footprint. Its buyout of Zain Africa BV will give it access to mobile operations in 15 African countries with a subscriber base of over 42 million. Its network coverage will now span 1.8 billion people across Asia and Africa, the second-largest by any telecom company globally.

TARGET	Acquirer/Industry	TYPE	DEAL VALUE (Rs crore)	STAKE (%)
Zain Africa BV	Bharti Airtel Limited/Telecommunications	Acquisition	47,537.5#	100
Empresa Mixta	Indian Oil Corp, ONGC, Petroliam Nasional Bhd, Repsol YPF SA/Oil & Gas	Investment	21,595.4	40
Asian Genco Limited	Everstone Capital, General Atlantic, Goldman Sachs/Morgan Stanley/Infrastructure	Private Equity	1,888.2	NA
Marcellus Shale	Reliance Industries Limited/ Oil & Gas	Investment	1,505.7	40
Telco Construction Equipment Company Limited	Hitachi Construction Machinery Company/Real Estate, Hospitality & Construction	Investment	1,142.5	20
Pipavav Shipyard Limited	SKIL Infrastructure, SKIL Shipyard Holdings/Infrastructure	Investment	656.5	19.4
21st Century Infra Tele Limited	SREI Infrastructure Finance Limited/Telecommunications	Acquisition	645.8	100
Onco Laboratories (Cyprus), Onco Therapies (India)	Strides Arcolab Limited/Pharmaceuticals	Acquisition	532.3	50
MSK Projects India Limited	Welspun-Gujarat Stahl Limited/Infrastructure	Acquisition	478.0	75
Ernst & Young is a leading M&A advisor in India. The data is based on media reports and company announcements. Any decision on the basis of this information should be taken only after professional advice. Business Today or E&Y do not undertake any responsibility with regard to any such decision. * As on April 12, 2010 # Includes net debt of Rs 7,552.7 crore and an equity value of Rs 39,984 crore. This list is not a complete list.