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.

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.