Lehman Brothers collapse to hit stocks, realty and outsourcing
Even as global markets tottered under the impact of the buyout of Merrill Lynch and collapse of
Lehman Brothers, the world's third and fourth largest investment banks, the India impact will be
limited, experts said Monday.
New Delhi/Mumbai, India, 2008-09-15 21:45:04 (IndiaPRwire.com)
Even as global markets tottered under the impact of the buyout of Merrill Lynch and collapse of
Lehman Brothers, the world's third and fourth largest investment banks, the India impact will be
limited, experts said Monday.
'The impact will be limited and restricted to three areas mainly - stock markets, realty and
outsourcing,' a person familiar with Lehman and Merrill's operations in India said on condition of
anonymity.
'A large part of the impact on equity markets has already been discounted by today's slide in Indian
markets,' said Naresh Pachisia, managing director of leading merchant banker and securities
brokerage house,