Sunil Mittal's African Safari
The mother of all Indian corporate takeovers may just be brewing. Telecom tycoon Sunil Mittal is set to script India’s biggest foreign takeover.
If talks translate into Bharti buying MTN, it will dwarf Tata Steel's acquisition of UK-based Corus for around $12 billion. That's because MTN's market capitalisation stands at $37 billion against Bharti's $43 billion.
The acquisition will overtake the biggest buyouts by the Tatas, Ambanis and the Birlas.
MTN demands $ 50 bn, Bharti offers cash-stock transaction….
