Maxis to sell 625 mln shrs to key investors-source

SINGAPORE/KUALA LUMPUR (Reuters) - Malaysia's top telecom firm Maxis has agreed to sell 625 million shares to cornerstone investors for a maximum price of 5.20 ringgit a share, a source familiar with the deal told Reuters on Wednesday.

The company has roped in four cornerstone investors including Malaysia's biggest pension fund and international investors in its offering and could add "one or two more," the source said.

It also plans to add anchor investors during its book-building process, the source said.

Earlier a source said Maxis had set an indicative price range from 4.80 ringgit a share onwards for its IPO, which could help raise at least $3.2 billion.

Maxis plans to sell a total of 2.25 billion shares, or 30 percent of its existing share capital in the sale.

CIMB (CIMB.KL), Credit Suisse (CSGN.VX) and Goldman Sachs (GS.N) are joint-bookrunners for the IPO and UBS (UBSN.VX), JPMorgan (JPM.N) and Nomura (8604.T) are co-bookrunners.

(Reporting by Saeed Azhar and Soo Ai Peng; Editing by Neil Chatterjee)