Bharti shares fall,Zain deal weighs

The acquisition would give Bharti access to 15 countries in Africa.

8220;The Zain Africa deal is extremely good from a long-term point of view,but the market generally does not like such deals because they could stretch the balance sheet,8221; said Ambareesh Baliga,vice president at Karvy Stock Broking.

At 0513 GMT,Bharti shares were down 2 per cent at 307.40 rupees,in a Mumbai market up 0.4 per cent. The company8217;s shares fell as much as 2.7 per cent earlier in the session.