Two major investment firms – Lehman Brothers and Goldman Sachs – have picked up a 20 per cent stake in Times Innovative Media Pvt Ltd, a wholly-owned subsidiary of Entertainment Network (India) Ltd. The stake is worth Rs 250 crore. Sources close to the development have confirmed the news.
Goldman Sachs is a global investment banking, securities and investment management firm that provides a wide range of services worldwide. Lehman Brothers is a company dealing in global finance, which serves the financial needs of corporations, governments and municipalities, institutional clients, and high net worth individuals worldwide. The firm is headquartered in New York, with regional headquarters in London and Tokyo, and operates in a network of offices around the world.