Multilingual automatic speech recognition (ASR) systems mostly benefit low resource languages but suffer degradation in performance across several languages relative to their monolingual counterparts. Limited studies have focused on understanding the languages behaviour in the multilingual speech recognition setups. In this paper, a novel data-driven approach is proposed to investigate the cross-lingual acoustic-phonetic similarities. This technique measures the similarities between posterior distributions from various monolingual acoustic models against a target speech signal. Deep neural networks are trained as mapping networks to transform the distributions from different acoustic models into a directly comparable form. The analysis observes that the languages closeness can not be truly estimated by the volume of overlapping phonemes set. Entropy analysis of the proposed mapping networks exhibits that a language with lesser overlap can be more amenable to cross-lingual transfer, and hence more beneficial in the multilingual setup. Finally, the proposed posterior transformation approach is leveraged to fuse monolingual models for a target language. A relative improvement of ~8% over monolingual counterpart is achieved.