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Saturday, June 7, 2008

Lehman Brothers May Have to Put Itself Up for Sale

June 4 (Bloomberg) -- Lehman Brothers Holdings Inc.'s balance-sheet troubles threaten to harm the wider financial system unless the bank takes decisive action, the Wall Street journal said in its ``Heard on the Street'' column. The company, which is likely to report a second-quarter loss this month, may be forced either to sell all or part of itself to a bigger financial firm or sell a large quantity of new shares, the newspaper said. If it were to go for the outright sale option, Lehman might, at the right price, attract interest from Blackstone Group LP, Citadel Investment Group LLC or J.C. Flowers & Co.,the Journal said.The investment bank has seen its shares fall for two days in succession and they're now 22 percent below their book value, reflecting investors' concerns about the values put on its assets, many of which are backed by poor-quality real-estate loans, the newspaper said. While a plan to sell as much as $4 billion of new stock is being considered, the share-price decline makes it harder to do that, and as Lehman's market capitalization has fallen to about$17 billion, $4 billion is equivalent to almost a quarter of the company, the newspaper said. Investors might, in any case, want the bank to raise more than $4 billion, to cover any future losses from marking downasset values, the Journal added.





Percentage Stake



Stock Fall


Co_Name


Holder's Name ( 31/03/2008)

31/03/2008

No of Shares

Cmp

Weekly

1

Develop.Cr.Bank

31/03/2008

Lehman Brothers Asia Ltd

3.04

5301900

65.3

-18.88%

2

Spice Mobiles

31/03/2008

Lehman Brothers Asia Ltd

4.41

3289474

24.65

-18.78%

3

Prajay Engg.

31/03/2008

Lehman Brothers INTL Europe

1.15

457701

192

-17.28%

4

Edelweiss Cap

31/03/2008

Lehman Brothers Netherlands Horions BV

1.8

1350000

652

-10.78%

5

KPIT Cummins Inf

31/03/2008

Lehman Brothers Asia Ltd

1.11

862823

68.2

-10.44%

6

Anant Raj Inds.

31/03/2008

Lehman Brother Asia Ltd

1.82

5362500

204.65

-10.24%

7

Pion. Embroider.

31/03/2008

Lehman Brothers Intl Europe

3.23

394356

77.85

-10.21%

8

GTC Inds.

31/03/2008

Lehman Brothers Asia Ltd

1.56

275000

188

-9.68%

9

Prithvi Info

31/03/2008

Lehman Brothers Asia Ltd

2.63

476160

150.1

-7.12%

10

Champagne Indage

31/03/2008

Lehman Brothers Asia Ltd

1.62

236574

480

-5.63%

11

Orbit Corporatio

31/03/2008

Lehman Brothers Asia Ltd

4.69

1700000

471

-3.25%

12

Godawari Power&I

31/03/2008

Lehman Brothers Asia Ltd

1.47

413832

188

-3.09%

13

IOL Netcom

31/03/2008

Lehman Brothers Asia Ltd

1.68

447032

108

-2.70%

14

Aztecsoft

31/03/2008

Lehman Brothers Asia Ltd

4.85

2180308

70.6

-2.55%

15

West Coast Paper

31/03/2008

Lehman Brothers Asia Ltd

4.37

2504774

66.9

-1.11%

16

Indo Asian

31/03/2008

Lehman Brothers Asia Ltd

1.66

254450

90

-0.99%

17

Consolidated Con

31/03/2008

Lehman Brothers Asia Ltd

1.36

503000

601

-0.17%

18

IVRCL Infrastruc

31/03/2008

Lehman Brothers Asia Ltd

1.2

1600000

386

1.65%

19

Spice Commun.

31/03/2008

Lehman Brothers Opportunity Ltd

1.33

9203339

52.5

6.17%









Holding of Lehman Brothers

Indiabulls' Singapore REIT IPO retail portion fully subscribed

MUMBAI - The retail portion of Indiabulls Real Estate Ltd's Real
Estate
Investment Trust
to be listed on Singapore Stock Exchange has been
fully
subscribed.
Thursday, the company had extended the closure of the public offer
until today "to enable wider retail investors participation."
Around 25% of the 353-mln-share issue, which is priced at S
$1.00-1.10 per share, is reserved for retail investors.
The issue had been subscribed 1.8 times on Thursday led by
institutional investor response, but had not received mandatory
response from minimum 1,000 retail investors.
The real estate company-sponsored Indiabulls Properties Investment
Trust will close today and is estimated to raise $286 mln (12.25 bln
rupees).
Shares of the trust--which owns two properties in Mumbai developed
by Indiabulls Real Estate across 3.4 mln sq ft--will list on SSE on
Wednesday. At 2:24PM, shares of Indiabulls Real Estate were
trading at 431.70 rupees on National Stock Exchange, up 6.8% from
close Thursday.
Thursday, the stock fell 9.5% to touch an intraday low of 373
rupees on reports retail investors response to the IPO remains
lukewarm, and is unlikely to get minimum 1,000 investors in this
category.

Wednesday, June 4, 2008

Oil Price Hike

The government has hiked petrol prices by Rs 5 per litre, diesel by Rs 3 per litre and LPG price hiked by Rs 50 per cylinder.

Petroleum Minister Murli Deora feels that the price hike is not steep. The steeped price is not more than market price, he said. The amount of money the government is losing is colossal, he added. He feels that if crude prices touch USD 130 per barrel; the Indian economy will get affected.