Sources say that Lehman Brothers are in talks to buy the institutional business of Brics Securities and the deal is likely to be at a significant premium. The deal could be over Rs 200 crore.
The existing institutional team of Brics Securities will move to Lehman Brothers. However, there has not been any comments from Brics Securities or Lehman Brothers. Lehman Brothers has been looking at expanding its team in India and for further consolidation in the Indian working space.
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