Japan's Nomura Holdings to acquire Lehman Brothers' Indian units

Japanese securities house Nomura Holdings IncTokyo - Japanese securities house Nomura Holdings Inc has reached a basic agreement to purchase Indian units of failed US investment bank Lehman Brothers Holdings Inc, Japan's Nikkei business daily said Friday.

The Nikkei reported that Nomura, Japan s biggest securities firm, would take over the information technology development and back-office operations of Lehman Brothers as well as more than 2,000 employees in India.

The Japanese firm has already accepted about 3,000 workers from Lehman Brothers' Asia-Pacific units and some 2,500 employees from Europe and the Middle-East to join Nomura, the newspaper said.

Lehman Brothers' Indian operations included tasks such as procedural work entailed by securities transactions besides IT development. (dpa)

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