Nomura has capitalised on its October acquisition of Lehman Brothers by launching equity sales and trading and investment banking in India, the company announced in a press release Thursday.
India is becoming increasingly important for Japanese companies, as the recent acquisition by Japanese drug manufacturer Daiichi Sankyo of Indian generic manufacturer Ranbaxy last year attests. Indeed, Nomura was the advisor to Daiichi Sankyo, although at that point the Indian operations were not up and running.
The deal is evidence that the tie-up with Lehman brothers could generate some useful business for Nomura. Prior to the restructuring, Nomura had just 20 employees on the ground in India and served clients...
¬ Haymarket Media Limited. All rights reserved.
