• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

This has reference to a story headlined “Lehman Brothers offload Rs 175-cr worth equities” (Business Line, August 22).

“As part of its regular course of business, Lehman Brothers executed numerous trades in the Indian equity market yesterday on behalf of clients. These trades do not reflect any change in the firm’s own investments in India. The trades represented normal business activity in support of our client business in India. Lehman Brothers regularly trades far in excess of this amount on a daily basis in the Indian markets. We continue to remain fully committed to our franchise in India, which has substantial share in many segments of the Indian equity market.”

Matthew Russell, Head, Corporate Communications, Asia-Pacific Lehman Brothers

More Stories on : Letters | Foreign Institutional Investors

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line