That puts around $4 billion of clear blue water between it and the other Morgan, JPMorgan, which is second. Moreover, its tally doesnt include the $2.1 billion megamerger in India between Birla-Tata and BPLs cellular networks, orchestrated by Morgan Stanley. Thats because the deal was between two private companies and under Thomson Securities Datas rules, only publicly verifiable transactions sizes can count towards league table credits.