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 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 in advisory fees to banks advising on acquisitions since 2006".

The amount of $ 133 million assumes significance as the group has acquired as many as 56 businesses with a total volume of $ 20.6 billion 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.

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.

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

Dealogic further added that the United Kingdom is the most targeted nation with a M&A volume of $ 16 billion through seven deals, and this accounts for 82 per cent of the total M&A acquisitions.