Jefferies sets up equity business in India

Jefferies hired five equity bankers in India from Credit Suisse ,including Bajaj and Chellappa,to establish its equity operations,sources with direct knowledge of the development had told Reuters in March.

Jefferies set up its India investment banking operations in 2007 and it has 12 bankers,the company statement said. It has advised Indian clients on more than 6 billion in merger and acquisition transactions.