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Mumbai, March 17 Bear Stearns has been selling its investments in Indian market last week itself. According to reports, the firm sold stocks of more than 25 companies on March 14.

“In fact first sign of trouble brewing in Bear Stearns could be seen from its sale of stock of Crisil Ltd on March 13, 2008,” said a broker.

Subsequently, it followed a selling spree.

The stocks which were sold include C&C Constructions Ltd, CEAT Ltd, Godavari Power & Ispat, Dabur Pharma, J K Tyre and Industries Ltd, Kamat Hotels, Karur Vysya Bank, Oriental Hotels Ltd, Royal Orchid Hotels Ltd.

“In times of difficulties you liquidate the most liquid assets and if you look at the positive side there was still someone willing to buy in such markets,” said an investment banker.

Buyers of the Bear Stearns’ investments include Deutsche Securities Mauritius Ltd, Citigroup Global Markets Pvt Ltd and Merrill Lynch Capital Markets.

On Friday, Bear Stearns had received emergency funding from JPMorgan Chase to tackle liquidity problems arising from the credit crisis.

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