Nomura acquires Lehman Brothers’ units in Powai, Mumbai

Nomura Holdings have finally made an announcement regarding acquisition of Lehman Brothers’ Business Units in Powai, Mumbai (India).

A company release says that Nomura would acquire 3 units of Lehman in Powai :

“…Lehman Brothers Services India Private Limited, Lehman Brothers Financial Services (India) Private Limited, and Lehman Brothers Structured Finance Services Private Limited, all specialized service companies based in Powai, Mumbai.”

Through this acquisition Nomura would add another 3000 employees to its global network. Needless to say that this would significantly add to Nomura’s strength in IT functions including other support operations.

Media reports also say that this transaction includes purchase of all assets as well as shares of the 3 companies by Nomura.

Source:
» Nomura to acquire Lehman’s India operations (Business Standard)
» Nomura to acquire Lehman India back-office ops (Reuters)
» Nomura takes on Lehman’s Indian IT businesses (Timesonline)
» Nomura to buy Lehman’s Indian IT operations (AFP)
» Nomura to take on 2,000 Lehman staff in India: reports (AFP)
» Nomura faces big risks, rewards in Lehman deal (Reuters)

Related News:
» Nomura to buy Lehman Brothers’ BPO in India
» Nomura to buy Lehman Brothers Asia units
» Fate of 2500 employees in Lehman Brothers (India) uncertain
» HP India to axe 1,000 jobs ?
» Dell to cut jobs; weakening IT demand
» TCS, Wipro, Keane go slow on recruitment

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