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MUMBAI (Reuters) - Indian telecoms group Bharti Airtel Ltd has launched a sale of a 3.7 percent stake in tower arm Bharti Infratel Ltd for up to 25.52 billion rupees ($400 million), according to a deal term sheet.
The lower end of the price range is a 5 percent discount to the stock's closing price on Monday.
JPMorgan and UBS are managing the share sale.
Bhart Airtel did not immediately respond to a request for comment.
($1 = 63.8300 rupees)
(Reporting by S. Anuradha of IFR; Additional reporting by Sankalp Phartiyal; Writing by Devidutta Tripathy. Editing by Jane Merriman)
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