Lehman announces Brics' acquisitionBS Reporter / Mumbai August 15, 2007Lehman Brothers, the global investment bank, on Tuesday formally announced the acquisition of the institutional broking business of leading domestic brokerage Brics Securities.Brics, part of JV Gokal Group, offers comprehensive financial servicesincluding equity, debt and commodity brokerage, portfolio management, distribution of third-party products and depository facilities. The terms of the transaction were not disclosed.The transaction will significantly expand Lehman Brothers
