Tatas spent $133 mn in advisory fees in 2 yrs

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New Delhi, March 28: Country's leading industrial conglomerate Tata group, which recently announced the acquisition of premium British car brands Jaguar and Land Rover, has spend a whopping 133 million dollars in advisory fees related to various buyouts in the last two years.

According to data compiled by leading global financial information provider Dealogic, "the Tata group of Companies has paid a total of 133 million dollars in advisory fees to banks advising on acquisitions since 2006".

The amount of 133 million dollars assumes significance as the group have acquired as many as 56 businesses with a total volume of 20.6 billion dollars in the last two years, accounting for 82 per cent of their total merger and acquisition volume.

Since the year 2002, the Tata group has made as many as 106 acquisitions valued at 24.2 billion dollars.

Tata's M&A activities are mostly outbound as only 13 per cent of Tata Group' acquisitions have been domestic, that is targets based in India. The average acquisition size by the Tata Group is 284 million dollars.

The recent acquisition of Jaguar Cars and Land Rover for 2.3 billion dollars is the second largest acquisition by the group, following Tata Steel's acquisition of Anglo-Dutch steel maker Corus for 12.1 billion dollars, essaying the largest overseas takeover by an Indian company.