The Hindu Business Line : Sidharth Punshi to lead Jefferies Indian business

Mr Punshi joins Jefferies from Goldman Sachs, where he was Executive Director, Head of European IT Services and Software Sector in the Technologies, Media and Telecommunications Investment Banking Group.

Growth Area

“We are delighted that Mr Punshi will be leading our Indian business, which has demonstrated great success over the past few years.

This key appointment takes us to the next stage of our engagement with the Indian market and reinforces the firm’s commitment to this important growth area, as part of our continuing strategy to strengthen Jefferies’ global franchise dedicated to supporting growth companies and their investors,” Mr David Weaver, President of Jefferies International Ltd, the UK Subsidiary of US-based Jefferies Group, Inc, said.

Jefferies has worked with Indian companies for some years and opened its representative office in New Delhi in 2007, marking the official launch of its local Indian operations.

Outside India, Jefferies’ investment banking professionals have raised close to $2 billion for Indian issuers, including more than $850 million in 2007 for clients in the media, industrial, technology, healthcare and textiles sectors.

Notable transactions among the 10 completed for Indian companies in 2007 include a $250 million FCCB for Adani Enterprises and a $120 million private convertible bond offering for NDTV Networks.

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