Infosys openness backfires as missed guidance frustrates market.
The planned fund could help New Delhi raise between $1 billion and $2 billion.
The buyer received poor investor response to the pricing of the share sale.
Authorities are checking deals involving more than three dozen companies.
Alcatel-Lucent currently operates a joint venture with Reliance Communications to manage the Indian carrier's network.
It also gave an upbeat growth outlook, sending its shares up the most in more than eight months.
Investors including units of Morgan Stanley and Citigroup have agreed to buy 28.3 million shares of Bharti Infratel at Rs 230 apiece.
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