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CORRECTED-Bharti tower arm gets regulatory nod for $800 mln IPO-sources

Source : REUTERS
Last Updated: Fri, Nov 30, 2012 19:00 hrs

(Corrects IPO timeline in 2nd and 3rd paragraph to Dec from Nov)

NEW DELHI/MUMBAI, Nov 29 (Reuters) - Indian telecoms operator Bharti Airtel's tower arm has received regulatory approval for a planned $800 million initial public offering, sources with direct knowledge said, in what will be the country's biggest IPO in two years.

Bharti Infratel's share sale is scheduled to open on Dec. 10 for anchor investors, and a day later to the public, said three sources, who declined to be named as the information is not yet public.

The issue will close on Dec. 14, the sources said. Bharti Infratel is likely to announce details of the share sale on Friday, one of the sources said.

A Bharti spokesman declined comment. (Reporting by Devidutta Tripathy and Sumeet Chatterjee; Editing by Prateek Chatterjee)



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