One more wallstreet giant falls

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^^ Meryll Lynch had a huge holding in Indian mkts, they will be liquidating their positions. Markets already down 700 points....
 
Maybe this might be helpful for some who are invested:

Lehman Brothers has imploded, as had been expected for over 6 months. While Lehman's P-Note Backed Holdings in India, got sold in two tranches to Deutsche Securities in March and August 2008, there is a lot still left on its proprietary and asset management book. Stocks that include Anantraj, Ganesh Housing, NB Ventures, Sujana Towers and whispered noises talk of huge positions in unlisted Real Estate space and some of the premier listed companies in India like Reliance and the Reliance-ADAG group

Djs stock: If there are no counterparties to these transactions at current prices, most of these stocks could be sold-off to distress levels and Bombay may well hit the lower circuit on Monday-Tuesday next. Armeggadon? Hopefully not, but it could still happen. Remember we already did that twice



Equity Holders Information

Lehman Bros

















(Percent)

(nos)


Company Name

Holder Type

Holder Name

Holding Date

Percent Shares

No. of Shares


Anant Raj Inds. Ltd.

Public Shareholding

Lehman Brother Asia Ltd A/C Gra Finance Corporation Ltd

30-Jun-08

1.82

5362500


Champagne Indage Ltd.

Public Shareholding

Lehman Brothers Asia Ltd A/C

30-Jun-08

1.55

236574


Consolidated Construction Consortium Ltd.

Public Shareholding

Lehman Brothers Asia Ltd A/C Gra Fin Corp

30-Jun-08

1.36

503000


Development Credit Bank Ltd.

Public Shareholding

Lehman Brothers Asia Ltd A/C Gra Finance Corporation Ltd

30-Jun-08

3.04

5301900


Edelweiss Capital Ltd.

Locked-In Shares

Lehman Brothers Netherlands Horions B V

30-Jun-08

1.8

1350000



Public Shareholding

Lehman Brothers Netherlands Horions Bv

30-Jun-08

1.8

1350000


Emkay Global Financial Services Ltd.

Public Shareholding

Lehman Brothers Asia Ltd A/C Capital

30-Jun-08

4.05

982134


Godawari Power & Ispat Ltd.

Public Shareholding

Lehman Brothers Asia Ltd

30-Jun-08

1.47

413832


Golden Tobacco Ltd.

Public Shareholding

Lehman Brothers Asia Ltd

30-Jun-08

1.7

300000


I O L Netcom Ltd.

Public Shareholding

Lehman Brothers Asia Limited A/C Capital

30-Jun-08

1.46

400000


I V R C L Infrastructures & Projects Ltd.

Public Shareholding

Lehman Brothers Asia Ltd A/S Gra Finance Corporation Ltd

30-Jun-08

1.2

1600000


K P I T Cummins Infosystems Ltd.

Public Shareholding

Lehman Brothers Asia Ltd A/C Gra

30-Jun-08

1.11

862823


Opto Circuits (India) Ltd.

Locked-In Shares

Lehman Brothers Asia Ltd A/C Lb India Holding

30-Jun-08

0.64

600000


Orbit Corporation Ltd.

Public Shareholding

Lehman Brothers Asia Ltd A/C Gra Finance Corporation Ltd

30-Jun-08

4.82

1750000


Pioneer Embroideries Ltd.

Public Shareholding

Lehman Brothers Intl Europe

30-Jun-08

3.23

394356


Prajay Engineers Syndicate Ltd.

Public Shareholding

Lehman Brothers Intl Europe

30-Jun-08

1.15

457701


Prithvi Information Solutions Ltd.

Public Shareholding

Lehman Brothers Asia Ltd A/C Gra Finance Corpor

30-Jun-08

2.63

476160


Spice Communications Ltd.

Locked-In Shares

Lehman Brothers Opportunity Limited

30-Jun-08

1.33

9203339



Public Shareholding

Lehman Brothers Opportunity Ltd

30-Jun-08

1.33

9203339


Spice Mobiles Ltd.

Public Shareholding

Lehman Brothers Asia Ltd A/C Gra Financec

30-Jun-08

4.41

3289474


West Coast Paper Mills Ltd.

Public Shareholding

Lehman Brothers Asia Ltd A/C Gra Fin

30-Jun-08

4.36

2500065
Click to expand...
 
lol nope i in for short term...6 months a year max.....

some stock like dcb are ard their year all low mark...also the amt going to b invested is quite low so just trying the risk...
 
ML fall was expected after 50B$ loss.. the acquired deal to BoA will cost more than 50B$...

But think about the workforce of 2.5k jobless in mumbai.. that will fire the recruiting system badly...

regards
neo
 
Repercussions here in India, know a few ppl working at Lehmann they have just been asked to not come for work on Tues..:

MUMBAI: Financial services powerhouse Lehman Brothers’ move to file for bankruptcy will impact its Indian operations where several of its employees are now scouting for new jobs in the financial sector.

Most of the employees in the investment banking segment of the company have started approaching other firms for jobs even as some of the staff have been shown the door in the wake of the bankruptcy announcement. Lehman is also likely to shut down its back office operations in the country.

Lehman, which has investments of over $2 bn in India, has close to 175 employees in its core investment banking office in the country. According to banking industry sources, the firm has told its staff to clear up their personal belongings from the offices while some of the employees were informed that they had lost their jobs.

Last week, Lehman had sacked five employees. “The market is flooded with resumes of Lehman officials,” says the head of investment banking in an overseas firm.

The Powai office of Lehman Brothers, which employs over 2,200 people, will be shutting operations over the next few days.
Click to expand...
 
Lehman was also one of Satyam's big client - i guess the 4500 jobs to be axed by Satyam may be a result of that. They have already put 2500 people on a performance improvement plan i.e. fast track to bye-bye
 
Not only Lehman, but entire financial sector in US were huge clients of Indian IT cos, late repurcussions will be felt there, especially at Infosys....
 
Immediate repercussions to some extent fall on HCL(which atm has said it has limited liabilities) and satyam which was the major servicing client.

The trouble is that when such biggies collapse, there are many allied services that go down. No one will be hurrying to give a honest disclosure of the extent of losses. eg Icici is holding back right now with its UK arm going to come up shortly with a disclosure.
 
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