Aug 13 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** State Bank of India (SBI), the country's largest lender,

aims to strike a deal by end-March for the sale of its 24% stake

worth 184.2 billion rupees ($2.2 billion) currently in smaller

rival Yes Bank, four sources with direct knowledge

said.

** Telecom Italia (TIM) has struck a deal worth

250 million euros ($273 million) to sell its indirect holding in

Italian telecoms tower company INWIT to a consortium

led by French infrastructure fund Ardian.

** Australia's Orora Ltd ( ORRAF ) shares spiked more than

15% after it said it had rejected a A$3.42 billion ($2.25

billion) takeover offer from U.S. private equity firm Lone Star

Fund, claiming the offer materially undervalues the packaging

products maker.

** Engineering and professional services firm WSP Global ( WSPOF )

said on Monday it would acquire U.S.-based Power

Engineers for $1.78 billion.

(Compiled by Rajarshi Roy and Pritam Biswas in Bengaluru)