Bharti Infratel, just under 80 per cent owned by Bharti Airtel Ltd, said consolidated net profit rose to Rs 472 crore for its fourth quarter ended March.
<p>Telecommunications tower operator Bharti Infratel Ltd reported on Monday a 12 per cent rise in quarterly profit on higher sales from leasing mobile masts to carriers.</p>
Bharti Infratel has about 34,000 towers and owns 42 per cent of Indus Towers, the world's largest tower operator.
The sale of 188.9 million shares is set to be the country's largest since state-run Coal India Ltd raised $3.5 billion in October 2010.
Bharti Infratel Ltd is likely to launch its initial public offering to raise up to $900 million (approx Rs 4,993 crore) on December 10.
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