Bharti Airtel Ltd. is trying to buy MTN, the biggest mobile phone company in Africa. If the transaction works, at $19 billion, it would be the biggest transaction in outbound FDI from India so far. Bharti’s market capitalisation on 9th was Rs.1.6 trillion or $40 billion. News of 8th, 9th. In 2006-07, Bharti Airtel had foreign assets which were just 0.07% of total assets. If this transaction comes through, it would be a huge jump into being a multinational firm. As with other large transactions such as the Tata Steel [...] Read full story