The Lehman Saga

Lehman the 4th biggest brokerage in US is news for some time for all wrong reasons. Wall street butchered the Lehman shares since last few weeks. Yesterday (Sep 10) Lehman posted a loss of $4 billion. Since the beginning of the credit crisis an year ago Lehman and other global financial-services firms have reported more than $500 billion in losses. Many experts believe that the figure could go as high as $1 Trillion. Starting january , 11 U.S. commercial banks have failed. In July, regulators shut down IndyMac Bank.

Not long ago the all famous Bear Sterns went bust,the firm had to be bailed out by J.P. Morgan Chase. Seems Lehman will follow the Bear Sterns way. One respite for Lehman is that it can borrow funds through a special window created by FED to help ailing financial firms.

Lehman is looking to raise Funds by selling its assets. Popular rating agency Moody's has said that it will probably downgrade the stock. Potential acquirers for Lehman could be Nomura securities and Goldman Sacchs.

Lehman's Equity Holding in India:

Anant Raj Inds. Ltd. 1.82 5362500
Champagne Indage Ltd. 1.55 236574
Consolidated Construction Consortium Ltd. 1.36 503000
Development Credit Bank Ltd. 3.04 5301900
Edelweiss Capital Ltd. 1.8 1350000
Emkay Global Financial Services Ltd. 4.05 982134
Godawari Power & Ispat Ltd. 1.47 413832
Golden Tobacco Ltd. 1.7 300000
I O L Netcom Ltd. 1.46 400000
I V R C L Infrastructures & Projects Ltd. 1.2 1600000
K P I T Cummins Infosystems Ltd. 1.11 862823
Opto Circuits (India) Ltd. 0.64 600000
Orbit Corporation Ltd. 4.82 1750000
Pioneer Embroideries Ltd. 3.23 394356
Prajay Engineers Syndicate Ltd. 1.15 457701
Prithvi Information Solutions Ltd. 2.63 476160
Spice Communications Ltd. 1.33 9203339
Spice Mobiles Ltd. 4.41 3289474
West Coast Paper Mills Ltd. 4.36 2500065