LUCKNOW-Illusion of Stability

February 22, 1969 share of foreign private investment in India. It is banker to a large number of UK-controlled companies and industrial companies which have British collaborators. The first major assignment which the merchant banking division secured was the handling of the merger of three companies in the Imperial Chemical group. In addition to processing such mergers and arranging collaborations, this division will arrange financial accommodation (not necessarily from its own bank or its affiliate First National City), including private placements of new issues with large investors. Besides these rather glamorous functions, it will advise clients on financial planning and management, especially capital structure and inventory requirements.