Bharti group Chief Sunil Mittal today ruled out any revision in its proposed deal to buy 49 per cent stake in South African MTN in a stock and cash deal amid reports that he may revise the offer.

"There is no occasion for that (to revise the offer)... There is enough headroom for FDI... At the moment, we will remain in talks with them (MTN)," Mittal told reporters after pre-Budget consultation with Finance Minister Pranab Mukherjee.

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Indian telecom giant Bharti on last Monday announced that it has opened talks for acquiring 49 per cent stake with South African MTN in an estimated $23-billion deal.

The two companies signed an agreement to hold exclusive talks for a deal that could include $10 billion in cash and $13 billion in shares and see emergence of a combined entity of $20 billion in terms of revenue and 200 billion subscribers globally.

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