*Lehman Brothers has imploded, as had been expected for over 6 months. While Lehman's P-Note Backed Holdings in India, got sold in two tranches to Deutsche Securities in March and August 2008, there is a lot still left on  its proprietary and asset management book. Stocks that include Anantraj, 

Ganesh Housing, NB Ventures, Sujana Towers and whispered noises talk of huge positions in unlisted Real Estate space and some of the premier listed companies in India like Reliance and the Reliance-ADAG group* 

*Djs stock: If there are no counterparties to these transactions at current prices, most of these stocks could be sold-off to distress levels and Bombay may well hit the lower circuit on Monday-Tuesday next. Armeggadon? Hopefully not, but it could still happen. Remember we already did that twice* 

       *Equity Holders Information* *Lehman Bros* ** ** ** ** ** ** ** ** ** 

(Percent) (nos)  Company Name Holder Type Holder Name Holding Date Percent Shares No. of Shares  Anant Raj Inds. Ltd. Public Shareholding Lehman Brother Asia Ltd A/C Gra Finance Corporation Ltd 30-Jun-08 1.82 5362500  Champagne Indage Ltd. Public Shareholding Lehman Brothers Asia Ltd A/C 30-Jun-08 1.55 236574  Consolidated Construction Consortium Ltd. Public Shareholding Lehman 

Brothers Asia Ltd A/C Gra Fin Corp 30-Jun-08 1.36 503000  Development Credit Bank Ltd. Public Shareholding Lehman Brothers Asia Ltd A/C Gra Finance .Corporation Ltd 30-Jun-08 3.04 5301900  Edelweiss Capital Ltd. Locked-In Shares Lehman Brothers Netherlands Horions B V 30-Jun-08 1.8 1350000  Public Shareholding Lehman Brothers Netherlands Horions Bv 30-Jun-08 1.8 

1350000  Emkay Global Financial Services Ltd. Public Shareholding Lehman Brothers Asia Ltd 

A/C Capital 30-Jun-08 4.05 982134  Godawari Power & Ispat Ltd. Public Shareholding Lehman Brothers Asia Ltd 30-Jun-08 1.47 413832  Golden Tobacco Ltd. Public Shareholding Lehman Brothers Asia Ltd 30-Jun-08 1.7 300000  I O L Netcom Ltd. Public Shareholding Lehman Brothers Asia Limited A/C Capital 30-Jun-08 1.46 400000  I V R C L Infrastructures & Projects Ltd. Public Shareholding Lehman Brothers Asia Ltd A/S Gra Finance Corporation Ltd 30-Jun-08 1.2 1600000  K P I T Cummins Infosystems Ltd. Public Shareholding Lehman Brothers Asia Ltd A/C Gra 30-Jun-08 1.11 862823  Opto Circuits (India) Ltd. Locked-In Shares Lehman Brothers Asia Ltd A/C Lb India Holding 30-Jun-08 0.64 600000  Orbit Corporation Ltd. Public Shareholding Lehman Brothers Asia Ltd A/C Gra 

Finance Corporation Ltd 30-Jun-08 4.82 1750000  Pioneer Embroideries Ltd. Public 

Shareholding Lehman Brothers Intl Europe 30-Jun-08 3.23 394356  Prajay Engineers Syndicate Ltd. Public Shareholding Lehman Brothers Intl Europe 30-Jun-08 1.15 457701  Prithvi Information Solutions Ltd. Public Shareholding Lehman Brothers Asia Ltd A/C Gra Finance Corpor 30-Jun-08 2.63 476160  Spice Communications Ltd. Locked-In Shares Lehman Brothers Opportunity Limited 30-Jun-08 1.33 9203339  Public Shareholding Lehman Brothers Opportunity Ltd 30-Jun-08 1.33 9203339  Spice Mobiles Ltd. Public Shareholding Lehman Brothers Asia Ltd A/C Gra Financec 30-Jun-08 4.41 

3289474  West Coast Paper Mills Ltd. Public Shareholding Lehman Brothers Asia Ltd A/C Gra Fin 30-Jun-08 4.36 2500065