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Article: India: Lehman Brothers wipes of INR20 billion (USD428 million) from Indian market.

Article from:
TendersInfo
Article date:
September 16, 2008
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Byline: sujit03

International Investment bank Lehman Brothers, filed for bankruptcy today, resulting in wiping off INR 20 billion (USD428 million) from the market valuation of those Indian companies in which the US financial major has made equity investments, reports Business Standard.

Lehman itself recorded a loss of more than INR 500 million(USD11 million) due to today`s crash on its investments in India, which is nearly 10% of its current holding worth an ...

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