United Telelinks is seeking to sell a 15% stake in the unlisted Indian company to private equity firms, The Wall Street Journal reports. The maker of Karbonn branded mobile phones is aiming to raise $135.2 million from the sale. The Indian handset maker, which expects to strike a deal after October, also plans to list the company on the exchanges by 2013-2014. Bangalore-based United Telelinks plans to invest $22.46 million in establishing its own manufacturing plant.

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