UPDATE 2-Brightpoint's largest shareholder to sell 15 mln shrs

* NC Telecom Holding to offload half its stake

* Brightpoint sees Q2 adj EPS $0.07-$0.13 vs est. $0.07

* Sees Q2 revenue $722-$727 mln vs $780.5 mkt view

* Sees GAAP breakeven or $0.06/shr profit

* Shares fall as much as 11 pct (Adds analyst comments, share movement)

By Mansi Dutta

BANGALORE, July 13 (Reuters) - Brightpoint Inc (CELL.O), a distributor of wireless devices, said its largest shareholder will sell half of its stake, sending its shares down as much as 11 percent.

The company also forecast second-quarter adjusted profit that may meet or beat analysts' expectations.

NC Telecom Holding A/S, which held about 30 million shares, or 36.6 percent stake in the company, offered to sell 15 million shares in a public offering, with an over-allotment option of 2.25 million shares, according to a regulatory filing.