Bharti tower arm sets India's biggest IPO

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SummaryThe share sale could raise $900 million, the sources say.

operating permits of several carriers in the market that once boasted 15 players has weighed on demand for towers in recent months.

Indian companies raised $7.1 billion from share offerings in the first half of this year, down 4 percent from the same period in 2011, according to Thomson Reuters data.

Bank of America Merrill Lynch, JPMorgan, Standard Chartered, Deutsche Bank, HSBC , UBS as well as India's Kotak Mahindra and Enam are advising Bharti Infratel on the IPO.

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