PROFILE, SOLUTIONS & CREDENTIALS

8 KEY PLACEMENTS – BOND ISSUES I Debt Equity Advisory Trusteeship FY 06-07 STATE BANK OF INDIA FY 06-07 STATE BANK OF INDIA Bonds Issue INR 23,280 mn...

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PROFILE, SOLUTIONS & CREDENTIALS

CAPITAL MARKETS GROUP

BUSINESS UNITS 

Leading Private Sector bank in India



Uniquely positioned to harness the high growth opportunity in India



One Decade of excellence & growth

UTI BANK

Retail Banking

Corporate Banking

Treasury

Capital Markets

International Banking Debt Group Equity Group Advisory Trusteeship Securitisation

Ranked 15th among top 300 Asian Banks based on 7 critical parameters

Capital Markets Depository Services

2

BUSINESS PERFORMANCE

3

BUSINESS PERFORMANCE

4

DEBT PLACEMENT: KEY DIFFERENTIATORS SERVICE OFFERINGS

PLACEMENT CAPABILITIES



Corporate Debt Placement



Project Debt Syndication



Syndication of Structured Debt Obligations

 Focused Syndication Teams  Term Loans & Bonds Segments  Strong Relationships  Banks (PSU Banks, Private / MNC Banks)  Financial Institutions (PFs, Mutual Funds, Insurance Companies, NBFCs)

VALUE ADDITION

 Debt Origination at Competitive Levels  Advising on Credit enhancement / Instrument structuring through intensive interaction with Credit Rating Agency  Preparation of Information Memoranda  Advising issuers on Legal / regulatory matters

Debt

Equity

Advisory

Trusteeship

5

DEBT ARRANGING CREDENTIALS 450

500 400

Tot a l D e bt A r r a ng e d

300 200

16 7

I N R bi l l i o n 2 10

16 5

83

10 0 0 2003

2004

in India for FY2006, FY 2005, FY 2004, FY 2003

in India For 2 yrs 2004, 2003

Debt

Equity

Advisory

2005

IFR ASIA

2006

2 0 0 7 ( t o da t e )

India Bond House For 2005

Indian Domestic Bonds (Underwriter League Table) For CY 2005

Trusteeship

6

KEY PLACEMENTS – TERM LOANS October, October,2005 2005

RELIANCE RELIANCEUTILITIES UTILITIESAND ANDPOWER POWER LTD. LTD.

RELIANCE RELIANCEPORTS PORTS&&TERMINALS TERMINALS LTD. LTD.

StructuredLoan Loansyndication syndication Structured

StructuredLoan LoanSyndication Syndication Structured

INR7,500 7,500mn mn INR

INR42,500 42,500mn mn INR June June2004 2004

GOVERNMENT GOVERNMENT OF OF RAJASTHAN RAJASTHAN

INR10,000 10,000mn mn INR

Debt

Equity

GMR GMRGROUP GROUP––TWIN TWINROAD ROAD PROJECTS PROJECTS StructuredLoan LoanSyndication Syndication Structured INR8,711 8,711mn mn INR

April April2004 2004

June, June,2004 2004

JINDAL JINDALSTAINLESS STAINLESSLTD. LTD.

RefinancingofofHigh HighCost CostDebt Debt Refinancing

April, April,2005 2005

September September2005 2005

BackwardIntegration IntegrationProject Project Backward Debtsyndication syndication Debt INR6,300 6,300mn mn INR

Advisory

Trusteeship

GOVERNMENT GOVERNMENT OF OF ANDHRA ANDHRAPRADESH PRADESH RefinancingofofHigh HighCost CostDebt Debt Refinancing INR12,000 12,000mn mn INR

7

KEY PLACEMENTS – BOND ISSUES I FY FY06-07 06-07

INDUSTRIAL INDUSTRIALDEVELOPMENT DEVELOPMENTBANK BANK OF INDIA LTD. OF INDIA LTD.

NATIONAL NATIONALBANK BANKFOR FOR AGRICULTURE AGRICULTUREAND ANDRURAL RURAL DEVELOPMENT DEVELOPMENT

STATE STATEBANK BANKOF OFINDIA INDIA

BondsIssue Issue Bonds

BondsIssue Issue Bonds

BondsIssue Issue Bonds

INR7,460 7,460mn mn INR

INR18,550 18,550mn mn INR

INR23,280 23,280mn mn INR FY FY06-07 06-07

FY FY06-07 06-07

FY FY06-07 06-07

POWER POWERFINANCE FINANCECORPORATION CORPORATION

ORIENTAL ORIENTALBANK BANKOF OFCOMMERCE COMMERCE

BondsIssue Issue Bonds

BondsIssue Issue Bonds

BondsIssue Issue Bonds

INR8,100 8,100mn mn INR

INR6,500 6,500mn mn INR

INR10,000 10,000mn mn INR

INDIAN INDIANRAILWAY RAILWAYFINANCE FINANCE CORPORATION LTD. CORPORATION LTD.

Debt

FY FY06-07 06-07

FY FY06-07 06-07

Equity

Advisory

Trusteeship

8

KEY PLACEMENTS – BOND ISSUES II FY FY05-06 05-06

NATIONAL NATIONALBANK BANKFOR FOR AGRICULTURE AGRICULTUREAND ANDRURAL RURAL DEVELOPMENT DEVELOPMENT

HOUSING HOUSINGDEVELOPMENT DEVELOPMENT FINANCE COMPANY FINANCE COMPANYLTD. LTD.

POWER POWERGRID GRIDCORPORATION CORPORATIONOF OF INDIA LTD. INDIA LTD.

BondsIssue Issue Bonds

NCDIssue Issue NCD

BondsIssue Issue Bonds

INR11,840 11,840mn mn INR

INR17,250 17,250mn mn INR

INR10,000 10,000mn mn INR FY FY05-06 05-06

FY FY05-06 05-06

INDIAN INDIANRAILWAY RAILWAYFINANCE FINANCE CORPORATION LTD. CORPORATION LTD.

Debt

FY FY05-06 05-06

FY FY05-06 05-06

HOUSING HOUSING&&URBAN URBAN DEVELOPMENT DEVELOPMENTCORPORATION CORPORATION LTD. LTD.

FY FY05-06 05-06

INDUSTRIAL INDUSTRIALDEVELOPMENT DEVELOPMENTBANK BANK OF INDIA LTD. OF INDIA LTD.

BondsIssue Issue Bonds

BondsIssue Issue Bonds

BondsIssue Issue Bonds

INR9,500 9,500mn mn INR

INR8,200 8,200mn mn INR

INR13,830 13,830mn mn INR

Equity

Advisory

Trusteeship

9

KEY PLACEMENTS – BOND ISSUES III FY FY05-06 05-06

UNION UNIONBANK BANKOF OFINDIA INDIA

FOOD FOODCORPORATION CORPORATIONOF OFINDIA INDIA

INDUSIND INDUSINDBANK BANK

BondsIssue Issue Bonds

PTCIssue Issue PTC

BondsIssue Issue Bonds

INR8,000 8,000mn mn INR

INR12,519 12,519mn mn INR

INR45,664 45,664mn mn INR

FY FY05-06 05-06

FY FY05-06 05-06

INDIAN INDIANOIL OILCORPORATION CORPORATION

Debt

FY FY05-06 05-06

FY FY05-06 05-06

RURAL RURALELECTRIFICATION ELECTRIFICATION CORPORATION CORPORATION

FY FY05-06 05-06

POWER POWERFINANCE FINANCECORPORATION CORPORATION

BondsIssue Issue Bonds

BondsIssue Issue Bonds

BondsIssue Issue Bonds

INR10,000 10,000mn mn INR

INR32,950 32,950mn mn INR

INR25,443 25,443mn mn INR

Equity

Advisory

Trusteeship

10

KEY PLACEMENTS – BOND ISSUES IV FY FY04-05 04-05

FY FY04-05 04-05

INFRASTRUCTURE INFRASTRUCTUREDEVELOPMENT DEVELOPMENT &&FINANCE COMPANY FINANCE COMPANYLTD. LTD.

TATA TATATELESERVICES TELESERVICESLTD. LTD.

FY FY04-05 04-05

TATA TATAPOWER POWERCOMPANY COMPANYLTD. LTD.

BondsIssue Issue Bonds

StructuredNCD NCDIssue Issue Structured

StructuredNCD NCDIssue Issue Structured

INR2,000 2,000mn mn INR

INR9,700 9,700mn mn INR

INR6,000 6,000mn mn INR

FY FY04-05 04-05

FY FY04-05 04-05

JAIPRAKASH JAIPRAKASHASSOCIATES ASSOCIATESLTD. LTD.

Debt

ANDHRA ANDHRAPRADESH PRADESHPOWER POWER FINANCE FINANCECORPORATION CORPORATION

StructuredNCD NCDIssue Issue Structured

BondsIssue Issue Bonds

INR4,000 4,000mn mn INR

INR5,190 5,190mn mn INR

Equity

Advisory

Trusteeship

11

EQUITY – PRODUCTS & SERVICES BOUQUET SERVICE OFFERINGS

EXECUTION CAPABILITIES

PLACEMENT CAPABILITIES



Public / Rights Issues



Advisory for Convertibles (FCCB / GDR / ADR)



Private Equity Placement / Mergers & Acquisition Advisory



Shares Buy-back



Valuations



Drafting of Red Herring Prospectus after thorough due diligence as per SEBI (DIP) Guidelines



Compliance at various stages to meet SEBI / Stock Exchanges’ requirements and other statutory authorities



Strong placement capabilities with institutions viz. Insurance Companies, FIs, Banks, MFs & FIIs in European and Asia-Pacific Financial Hubs



Wide Geographical Reach with more than 350 branches / offices spread across 150 locations in India

MORE THAN A DECADE OF EXPERIENCE IN MANAGED EQUITY / EQUITY LINKED ISSUES AGGREGATING OVER INR 30 BILLION

Debt

Equity

Advisory

Trusteeship

12

CONVERTIBLES March, March,2006 2006

March, March,2006 2006

May, May,2006 2006

JAIPRAKASH JAIPRAKASHASSOCIATES ASSOCIATESLTD. LTD.

GUJARAT GUJARATNRE NRECOKE COKELTD. LTD.

KANORIA KANORIACHEMICALS CHEMICALSIND INDLTD LTD

Foreign ForeignCurrency CurrencyConvertible ConvertibleBonds Bonds

Foreign ForeignCurrency CurrencyConvertible ConvertibleBonds Bonds

Foreign ForeignCurrency CurrencyConvertible ConvertibleBonds Bonds

FinancialAdvisor Advisor Financial

FinancialAdvisor Advisor Financial

FinancialAdvisor Advisor Financial

Euro165 165mn mn Euro

USD60 60mn mn USD

USD20 20mn mn USD

September, September,2006 2006

July, July,2006 2006

SHAH SHAHALLOYS ALLOYSLTD LTD

BHAGYANAGAR BHAGYANAGARINDIA INDIALTD LTD

Foreign ForeignCurrency CurrencyConvertible ConvertibleBonds Bonds

Foreign ForeignCurrency CurrencyConvertible ConvertibleBonds Bonds

FinancialAdvisor Advisor Financial

FinancialAdvisor Advisor Financial

FinancialAdvisor Advisor Financial

USD7.5 7.5mn mn USD

USD10 10mn mn USD

USD15 15mn mn USD

GENUS GENUSOVERSEAS OVERSEASELECTRONICS ELECTRONICS LTD LTD Foreign ForeignCurrency CurrencyConvertible ConvertibleBonds Bonds

CONVERTIBLES ADVISORY

Debt

October, October,2006 2006

Equity



Assistance in Issue Structuring



Assistance in due diligence and preparation of the Offering Circular



Appointment of various intermediaries

Advisory

Trusteeship

13

CONVERTIBLES February, February,2005 2005

April, April,2005 2005

March, March,2005 2005

JAIPRAKASH JAIPRAKASHASSOCIATES ASSOCIATESLTD. LTD.

GUJARAT GUJARATNRE NRECOKE COKELTD. LTD.

MERCATOR MERCATORLINES LINESLTD. LTD.

Foreign ForeignCurrency CurrencyConvertible ConvertibleBonds Bonds

Foreign ForeignCurrency CurrencyConvertible ConvertibleBonds Bonds

Foreign ForeignCurrency CurrencyConvertible ConvertibleBonds Bonds

FinancialAdvisor Advisor Financial

FinancialAdvisor Advisor Financial

FinancialAdvisor Advisor Financial

USD100 100mn mn USD

USD55 55mn mn USD

USD60 60mn mn USD December, December,2005 2005

September, September,2005 2005

April, April,2005 2005

AMTEK AMTEKAUTO AUTOLTD. LTD.

AMTEK AMTEKINDIA INDIALTD. LTD.

BILCARE BILCARELTD. LTD.

Foreign ForeignCurrency CurrencyConvertible ConvertibleBonds Bonds

Foreign ForeignCurrency CurrencyConvertible ConvertibleBonds Bonds

Foreign ForeignCurrency CurrencyConvertible ConvertibleBonds Bonds

FinancialAdvisor Advisor Financial

FinancialAdvisor Advisor Financial

FinancialAdvisor Advisor Financial

USD150 150mn mn USD

USD100 100mn mn USD

USD50 50mn mn USD

Debt

Equity

Advisory

Trusteeship

14

IPOs / RIGHTS / GDR October, October,2006 2006

JHS JHSSVENDGAARD SVENDGAARD LABORATORIES LABORATORIESLTD. LTD. Initial InitialPublic PublicOffering Offering

February, February,2006 2006

December, December,2005 2005

NITCO NITCOTILES TILESLTD. LTD.

ELECTROSTEEL ELECTROSTEELCASTINGS CASTINGSLTD. LTD.

Initial InitialPublic PublicOffering Offering

Global GlobalDepository DepositoryReceipts Receipts

BookRunning RunningLead LeadManager Manager Book

BookRunning RunningLead LeadManager Manager Book

FinancialAdvisor Advisor Financial

INR390 390mn mn INR

INR1,680 1,680mn mn INR

USD40 40mn mn USD

November, November,2005 2005

March, March,2005 2005

BOMBAY BOMBAYRAYON RAYONFASHION FASHIONLTD. LTD.

JAIPRAKASH JAIPRAKASHHYDROPOWER HYDROPOWERLTD. LTD.

Initial InitialPublic PublicOffering Offering

Initial InitialPublic PublicOffering Offering

March, March,2005 2005

LORD LORDKRISHNA KRISHNABANK BANKLTD. LTD. Rights RightsIssue Issue

BookRunning RunningLead LeadManager Manager Book

BookRunning RunningLead LeadManager Manager Book

LeadManager Manager Lead

INR940 940mn mn INR

INR5,760 5,760mn mn INR

INR453 453mn mn INR

7 IPOs under process covering textile, IT, Pharma/Biotech & Real Estate ISSUE MANAGEMENT SERVICES

Debt

  

Due diligence exercise Preparation of Offer Documents Advising on legal / regulatory matters

Equity

Advisory

 

Liasoning with statutory authorities Active marketing of the issue

Trusteeship

15

PRIVATE EQUITY & VALUATION March, March,2006 2006

INDO INDOSHELL SHELLMOULD MOULDLIMITED. LIMITED. Private PrivateEquity EquityPlacement Placement

SURYALAKHSMI SURYALAKHSMICOTTON COTTONMILLS MILLS LTD. LTD. Private PrivateEquity EquityPlacement Placement

Advisor&&Arranger Arranger Advisor

Advisor&&Arranger Arranger Advisor

March, March,2006 2006

WEST WESTBENGAL BENGALINDUSTRIAL INDUSTRIAL DEVELOPMENT DEVELOPMENTCO. CO.LTD. LTD. Valuation Valuationof ofDamodar DamodarCement Cement&& Slag Ltd. Slag Ltd.

FinancialAdvisor Advisor Financial

February, February,2006 2006

ANDHRA ANDHRAPRADESH PRADESHPAPER PAPERMILLS MILLS LTD LTD

MAA MAATELEVISION TELEVISIONNETWORK NETWORKLTD. LTD.

Valuation Valuationof ofEquity EquityShares Shares

Valuation Valuationof ofEquity EquityShares Shares

FinancialAdvisor Advisor Financial

August, August,2005 2005

December, December,2005 2005

FinancialAdvisor Advisor Financial

September, September,2005 2005

JAIPRAKASH JAIPRAKASHASSOCIATES ASSOCIATESLTD. LTD. Valuation Valuationof ofUP UPState StateCement Cement Corporation Ltd. Corporation Ltd.

FinancialAdvisor Advisor Financial

8 Private Equity and 1 M&A assignments under process covering covering Real Estate, Power, Fin. Services, Infrastructure, etc.   

Debt

Due diligence exercise Advising on Legal / Regulatory Matters Valuations

Equity

Advisory

 

Negotiations & Deal Structuring Liasoning with statutory authorities

Trusteeship

16

SECTOR COVERAGE

Debt

Equity

Advisory

Trusteeship

17

INFRASTRUCTURE: ROADS & RAILWAYS Ongoing Ongoing

NATIONAL NATIONALHIGHWAYS HIGHWAYS AUTHORITY AUTHORITYOF OFINDIA INDIA

Consultant Consultant Structuring&&Bid BidProcess Processfor for Structuring SevenNH NHStretches Stretches Seven

Ongoing Ongoing

Ongoing Ongoing

ADANI ADANILOGISTICS LOGISTICSLTD. LTD.

BANGALORE BANGALOREMETRO METRORAIL RAIL CORPORATION LTD. CORPORATION LTD.

Container ContainerTrain TrainOperations Operations

Metro MetroRail RailProject Project

FinancialAdvisory Advisory&& Financial Arranging Arranging ProjectCost: Cost:INR INR3,340 3,340mn mn Project

August, August,2006 2006

FinancialAdvisory Advisory&&Debt Debt/ / Financial EquityArranging Arranging Equity ProjectCost: Cost:INR INR60,000 60,000mn mn Project

August, August,2006 2006

July, July,2006 2006

ORIENTAL ORIENTALPATHWAYS PATHWAYS (INDORE) PVT. (INDORE) PVT.LTD. LTD.

ORIENTAL ORIENTALPATHWAYS PATHWAYS(AGRA) (AGRA) PVT. LTD. PVT. LTD.

DINDIGUL DINDIGULSAMAYANALLUR SAMAYANALLUR TOLL ROAD TOLL ROADLTD. LTD.

BOT BOTToll TollRoad Road

BOT BOTToll TollRoad Road

BOT BOTToll TollRoad Road

FinancialAdvisory Advisory&& Financial Arranging Arranging TermDebt: Debt:INR INR1680 1680mn mn Term

FinancialAdvisory Advisory&& Financial Arranging Arranging ProjectCost: Cost:INR INR5200 5200mn mn Project

Debt

SoleArranger Arranger Sole ProjectCost: Cost:INR INR4,150 4,150mn mn Project



Feasibility Studies



Advising on Debt / Equity Sources



PPP Options & Implementation



Structured Financing Solutions



Contracts Negotiation



Debt Arranging / Equity Placement

Equity

Advisory

Trusteeship

18

INFRASTRUCTURE: ROADS & RAILWAYS July, July,2006 2006

April, April,2006 2006

NAMAKKAL-KARUR NAMAKKAL-KARURTOLL TOLL ROAD LTD. ROAD LTD.

GMR GMRAMBALA AMBALACHANDIGARH CHANDIGARH EXPRESSWAYS PVT. EXPRESSWAYS PVT.LTD. LTD.

BOT BOTToll TollRoad Road

BOT BOTToll TollRoad Road

SoleArranger Arranger Sole ProjectCost: Cost:INR INR3,450 3,450mn mn Project

Annuity AnnuityRoad RoadProject Project

FinancialAdvisory Advisory&& Financial Arranging Arranging ProjectCost: Cost:INR INR3,750 3,750mn mn Project

Debt

StructuredFinancing FinancingAdvisory Advisory Structured TransactionSize: Size: Transaction INR8,700 8,700mn mn INR

May, May,2005 2005

GMR GMRTAMBARAM TAMBARAM TINDIVANAM TINDIVANAMEXPRESSWAYS EXPRESSWAYS PVT. LTD. PVT. LTD. Annuity AnnuityRoad RoadProject Project

StructuredFinancing FinancingAdvisory Advisory Structured TransactionSize: Size: Transaction INR3,810 3,810mn mn INR

NANDI NANDIECONOMIC ECONOMICCORRIDOR CORRIDOR ENTERPRISES ENTERPRISESLTD. LTD. (Phase-I) (Phase-I) Toll TollRoad Road&&Real RealEstate EstateProject Project

June, June,2005 2005

GMR GMRTUNI TUNIANAKAPALLI ANAKAPALLI EXPRESSWAYS EXPRESSWAYSPTV. PTV.LTD. LTD.

March, March,2006 2006

StructuredFinancing FinancingAdvisory Advisory Structured TransactionSize: Size: Transaction INR4,901 4,901mn mn INR

January, January,2005 2005

DSC DSCVICON VICONVENTURES VENTURESLTD. LTD. Durg Durg––Raipur RaipurBOT BOTToll TollRoad Road

FinancialAdvisory Advisory&& Financial Arranging Arranging ProjectCost: Cost:INR INR900 900mn mn Project



Feasibility Studies



Advising on Debt / Equity Sources



PPP Options & Implementation



Structured Financing Solutions



Contracts Negotiation



Debt Arranging / Equity Placement

Equity

Advisory

Trusteeship

19

INFRASTRUCTURE: ROADS & RAILWAYS July, July,2003 2003

December, December,2004 2004

April, April,2003 2003

MUMBAI MUMBAIRAIL RAILVIKAS VIKAS CORPORATION CORPORATIONLTD. LTD.

VIRAMGAM VIRAMGAMMAHESANA MAHESANA PROJECTS LTD. PROJECTS LTD.

JAYPEE JAYPEEDSC DSCVENTURES VENTURESLTD. LTD.

Study Studyfor forHeadway HeadwayImprovement Improvement Project Project

Broad BroadGauge GaugeConversion Conversion–– Annuity based Annuity based

Delhi-Gurgaon Delhi-GurgaonAccess AccessControlled Controlled Highway Highway

FinancialAdvisory Advisory&& Financial Arranging Arranging ProjectCost: Cost:INR INR900 900mn mn Project

Financial&&Economic Economic Financial Analysis Analysis ProjectCost: Cost:INR INR47,000 47,000mn mn Project

Debt

FinancialAdvisory Advisory&& Financial Arranging Arranging ProjectCost: Cost:INR INR5,470 5,470mn mn Project



Feasibility Studies



Advising on Debt / Equity Sources



PPP Options & Implementation



Structured Financing Solutions



Contracts Negotiation



Debt Arranging / Equity Placement

Equity

Advisory

Trusteeship

20

INFRASTRUCTURE: MARITIME Ongoing Ongoing

SETHUSAMDURAM SETHUSAMDURAM CORPORATION CORPORATIONLTD. LTD.

Ongoing Ongoing

JAWAHARLAL JAWAHARLALNEHRU NEHRUPORT PORT TRUST TRUST

Sethusamudram SethusamudramShip ShipChannel Channel Project Project

Development Developmentof of330 330m mlong longberth berth–– Feasibility Study &Bid Process Feasibility Study &Bid Process Management Management

FinancialAdvisory Advisory&&Arranging Arranging Financial ProjectCost: Cost:INR INR24,574 24,574mn mn Project

Advisors Advisors

Ongoing Ongoing

TAMIL TAMILNADU NADUMARITIME MARITIMEBOARD BOARD Development Developmentof ofCuddalore CuddalorePort Port through throughPSP PSP

TechnicalAssistance AssistanceProvider Provider Technical

August, August,06 06

September, September,2006 2006

July, July,2006 2006

KRISHNAPATNAM KRISHNAPATNAMPORT PORT COMPANY COMPANYLTD. LTD.

KARAIKAL KARAIKALPORT PORTPVT. PVT.LTD. LTD.

KAKINADA KAKINADASEAPORTS SEAPORTSLTD. LTD.

Development Developmentof ofDeep DeepWater WaterPort Port

Development Developmentof ofDeep DeepWater WaterPort Portat at Karaikal Enclave of Pondicherry Karaikal Enclave of Pondicherry

Further FurtherDevelopment Developmentof ofKakinada Kakinada Deep DeepWater WaterPort Port

FinancialAdvisory Advisory&& Financial Arranging Arranging ProjectCost: Cost:INR INR7,910 7,910mn mn Project

Debt

FinancialAdvisory Advisory&&Arranging Arranging Financial ProjectCost: Cost:INR INR4,180 4,180mn mn Project

Advisor&&Arranger Arranger Advisor ProjectCost: Cost:INR INR3,300 3,300mn mn Project



Feasibility Studies



Advising on Debt / Equity Sources



PPP Options & Implementation



Structured Financing Solutions



Contracts Negotiation



Debt Arranging / Equity Placement

Equity

Advisory

Trusteeship

21

INFRASTRUCTURE: MARITIME November, November,2005 2005

June, June,2005 2005

SOUTH SOUTHWEST WESTPORT PORTLTD. LTD.

MERCATOR MERCATORLINES LINESLTD. LTD.

Development Developmentof ofMulti-purpose Multi-purposeBulk Bulk Cargo Berth at Mormugao Cargo Berth at Mormugao

Acquisition Acquisitionof ofVLCC’s VLCC’s

ProjectCost: Cost:INR INR2,450 2,450mn mn Project

Debt

NATIONAL NATIONALMINERAL MINERAL DEVELOPMENT DEVELOPMENTCORP. CORP.LTD. LTD. Dhamra DhamraPort Port

Advisor&&Arranger Arranger Advisor AcquisitionCost: Cost: Acquisition INR5,600 5,600mn mn INR

FinancialAdvisory Advisory Financial

June, June,2003 2003

InvestmentAdvisory Advisory Investment ProjectCost: Cost:INR INR14,760 14,760mn mn Project



Feasibility Studies



Advising on Debt / Equity Sources



PPP Options & Implementation



Structured Financing Solutions



Contracts Negotiation



Debt Arranging / Equity Placement

Equity

Advisory

Trusteeship

22

INFRASTRUCTURE: AIRPORTS Ongoing Ongoing

Ongoing Ongoing

Ongoing Ongoing

AIRPORTS AIRPORTSAUTHORITY AUTHORITYOF OFINDIA INDIA

AIRPORTS AIRPORTSAUTHORITY AUTHORITYOF OFINDIA INDIA

AIRPORTS AIRPORTSAUTHORITY AUTHORITYOF OFINDIA INDIA

Patna PatnaAirport Airport

Port PortBlair BlairAirport Airport

Bhubaneshwar BhubaneshwarAirport Airport

Techno-EconomicFeasibility Feasibility Techno-Economic Report Report Consultancy Consultancy

Techno-EconomicFeasibility Feasibility Techno-Economic Report Report Consultancy Consultancy

Techno-EconomicFeasibility Feasibility Techno-Economic Report Report Consultancy Consultancy Ongoing Ongoing

Ongoing Ongoing

Ongoing Ongoing

AIRPORTS AIRPORTSAUTHORITY AUTHORITYOF OFINDIA INDIA

AIRPORTS AIRPORTSAUTHORITY AUTHORITYOF OFINDIA INDIA

AIRPORTS AIRPORTSAUTHORITY AUTHORITYOF OFINDIA INDIA

Varanasi VaranasiAirport Airport

Coimbatore CoimbatoreAirport Airport

Juhu JuhuAirport Airport

Techno-EconomicFeasibility Feasibility Techno-Economic Report Report Consultancy Consultancy

Debt

Techno-EconomicFeasibility Feasibility Techno-Economic Report Report Consultancy Consultancy

Techno-EconomicFeasibility Feasibility Techno-Economic Report Report Consultancy Consultancy



Feasibility Studies



Contracts Negotiation



PPP Options & Implementation



Project Appraisal & Structuring



Revenue Enhancement Solutions



Advising on Debt / Equity Tying

Equity

Advisory

Trusteeship

23

INFRASTRUCTURE: AIRPORTS July, July,2005 2005

MUMBAI MUMBAIINTERNATIONAL INTERNATIONAL AIRPORT AIRPORTPVT. PVT.LTD. LTD. Modernization Modernizationof ofMumbai Mumbai International Airport International Airport

FinancialAdvisory Advisory&&Arranging Arranging Financial

June, June,2005 2005

June, June,2005 2005

AIRPORTS AIRPORTSAUTHORITY AUTHORITYOF OFINDIA INDIA

AIRPORTS AIRPORTSAUTHORITY AUTHORITYOF OFINDIA INDIA

Lucknow LucknowAirport Airport

Madurai MaduraiAirport Airport

Techno-EconomicFeasibility Feasibility Techno-Economic Report Report Consultancy Consultancy

Techno-EconomicFeasibility Feasibility Techno-Economic Report Report Consultancy Consultancy

June, June,2005 2005

June, June,2005 2005

June, June,2005 2005

AIRPORTS AIRPORTSAUTHORITY AUTHORITYOF OFINDIA INDIA

AIRPORTS AIRPORTSAUTHORITY AUTHORITYOF OFINDIA INDIA

AIRPORTS AIRPORTSAUTHORITY AUTHORITYOF OFINDIA INDIA

Mangalore MangaloreAirport Airport

Trivandrum TrivandrumInternational InternationalAirport Airport

Goa GoaInternational InternationalAirport Airport

Techno-EconomicFeasibility Feasibility Techno-Economic Report Report Consultancy Consultancy

Debt

Techno-EconomicFeasibility Feasibility Techno-Economic Report Report Consultancy Consultancy

Techno-EconomicFeasibility Feasibility Techno-Economic Report Report Consultancy Consultancy



Feasibility Studies



Contracts Negotiation



PPP Options & Implementation



Project Appraisal & Structuring



Revenue Enhancement Solutions



Advising on Debt / Equity Tying

Equity

Advisory

Trusteeship

24

INFRASTRUCTURE: ENERGY Ongoing Ongoing

Ongoing Ongoing

JINDAL JINDALSOUTH SOUTHWEST WESTENERGY ENERGY LTD. LTD.

HIMACHAL HIMACHALSORANG SORANGPOWER POWER PRIVATE LTD. PRIVATE LTD.

Development Developmentof of33Power PowerProjects Projects

22xx50 50MW MWHydel HydelPower PowerPlant Plant

Advisor&&Co-Arranger Co-Arranger Advisor

Advisor&&Arranger Arranger Advisor

DebtQuantum: Quantum:INR INR6,000 6,000mn mn Debt

ProjectCost: Cost:INR INR6,000 6,000mn mn Project

Ongoing Ongoing

EMCO EMCOENERGY ENERGYLTD. LTD.

BHILANGANA BHILANGANAHYDRO HYDROPOWER POWER LTD. (POLYPLEX GROUP) LTD. (POLYPLEX GROUP)

135 135MW MWThermal ThermalPower PowerPlant Plant

Debt

Ongoing Ongoing

24 24MW MWHydel HydelPower PowerProject Project

Advisor&&Arranger Arranger Advisor

Advisor&&Arranger Arranger Advisor

ProjectCost: Cost:INR INR6,180 6,180mn mn Project

Quantum:INR INR1,900 1,900mn mn Quantum:

Equity

Advisory

Trusteeship

25

INFRASTRUCTURE: ENERGY August, August,2004 2004

May, May,2005 2005

April, April,2004 2004

GVK GVKINDUSTRIES INDUSTRIESLTD. LTD.

JAIPRAKASH JAIPRAKASHHYDROPOWER HYDROPOWERLTD. LTD.

CESC CESCLTD. LTD.

220 220MW MWGas GasBased BasedPower PowerProject Project Extension: Reduction Extension: Reductionof ofInterest InterestCost Cost

300 300MW MWHydel HydelProject: Project:Financial FinancialReRestructuring for Tariff Reduction structuring for Tariff Reduction

Power PowerGeneration Generation&&Distribution Distribution Utility: Debt Utility: DebtRe-structuring Re-structuring

Advisor&&Arranger Arranger Advisor

Advisor&&Arranger Arranger Advisor

Advisor&&Arranger Arranger Advisor

Quantum:INR INR2,500 2,500mn mn Quantum:

Quantum:INR INR2,450 2,450mn mn Quantum:

Quantum:INR INR3,000 3,000mn mn Quantum:

January, January,2004 2004

Debt

December, December,2003 2003

JSW JSWPOWER POWERLTD. LTD.

JINDAL JINDALTHERMAL THERMALPOWER POWER COMPANY LTD. COMPANY LTD.

22xx100 100MW MWThermal ThermalPower PowerPlant Plant

260 260MW-IPP: MW-IPP:Debt DebtRestructuring Restructuring

Advisor&&Arranger Arranger Advisor

Advisor&&Arranger Arranger Advisor

ProjectCost: Cost:INR INR4,660 4,660mn mn Project

Quantum:INR INR7,000 7,000mn mn Quantum:

Equity

Advisory

Trusteeship

26

INFRASTRUCTURE: ENERGY Ongoing Ongoing

Ongoing Ongoing

HINDUSTAN HINDUSTANOIL OILEXPLORATION EXPLORATION COMPANY LTD. COMPANY LTD.

CENTRAL CENTRALELECTRICITY ELECTRICITYSUPPLY SUPPLY COMPANY OF ORISSA COMPANY OF ORISSALTD. LTD.

PY-1 PY-1Gas GasField FieldDevelopment Development

Power PowerDistribution DistributionUtility Utility

Advisor&&Arranger Arranger Advisor

Advisorfor forBid BidProcess Process Advisor Management Management

April, April,2006 2006

OIL OIL&&NATURAL NATURALGAS GAS CORPORATION CORPORATIONLTD. LTD.

Financial FinancialFeasibility FeasibilityStudy Studyfor for Redevelopment of Heera Redevelopment of Heera&&South South Heera HeeraFields Fields

Advisor Advisor

ProjectCost: Cost:INR INR8,384 8,384mn mn Project March, March,2006 2006

January, January,2005 2005

October, October,2005 2005

HINDUSTAN HINDUSTANOIL OILEXPLORATION EXPLORATION COMPANY LTD. COMPANY LTD.

OIL OIL&&NATURAL NATURALGAS GAS CORPORATION LTD. CORPORATION LTD.

OIL OIL&&NATURAL NATURALGAS GAS CORPORATION LTD. CORPORATION LTD.

Securitization Securitizationof ofReceivables Receivablesfrom from PY-3 & Palej Fields PY-3 & Palej Fields

Feasibility FeasibilityStudy Studyfor forCoal CoalBed Bed Methane Extraction Project Methane Extraction Project

Financial FinancialFeasibility FeasibilityStudy Studyfor forWind Wind Power Project Power Project

Advisor&&Arranger Arranger Advisor

Advisor Advisor

Advisor Advisor

TermDebt: Debt:INR INR1,700 1,700mn mn Term

Debt

Equity

Advisory

Trusteeship

27

OTHER MAJOR PROJECTS June, June,2006 2006

April, April,2005 2005

March, March,2006 2006

MAHAMUMBAI MAHAMUMBAISPECIAL SPECIAL ECONOMIC ZONE ECONOMIC ZONE

NAVI NAVIMUMBAI MUMBAISPECIAL SPECIAL ECONOMIC ZONE ECONOMIC ZONE

ABAN ABANLLOYD LLOYDCHILES CHILESOFFSHORE OFFSHORE LTD. LTD.

Development Developmentof ofSEZ SEZ

Development Developmentof ofSEZ SEZ

Acquisition Acquisitionof ofRigs Rigs

Advisor&&Arranger Arranger Advisor

Advisor&&Arranger Arranger Advisor

ProjectCost: Cost:INR INR42,285 42,285mn mn Project

ProjectCost: Cost:INR INR9,900 9,900mn mn Project

January, January,2005 2005

NATIONAL NATIONALMINERAL MINERAL DEVELOPMENT DEVELOPMENTCORP. CORP.LTD. LTD. Development Developmentof ofBailadila BailadilaIron IronOre Ore Mines Mines

Advisor Advisor

February, February,2004 2004

PHILLIPS PHILLIPSCARBON CARBONBLACK BLACKLTD. LTD. Capacity CapacityExpansion Expansionwith withPower PowerCoCogeneration generation

November, November,2003 2003

NATIONAL NATIONALMINERAL MINERAL DEVELOPMENT DEVELOPMENTCORP. CORP.LTD. LTD. Development Developmentof ofKumaraswamy KumaraswamyIron Iron Ore Mines Ore Mines

InvestmentAppraisal Appraisal Investment

Advisor&&Arranger Arranger Advisor

InvestmentAppraisal Appraisal Investment

ProjectCost: Cost:INR INR2,960 2,960mn mn Project

ProjectCost: Cost:INR INR943.2 943.2mn mn Project

ProjectCost: Cost:INR INR2,958 2,958mn mn Project

Debt



Feasibility Studies



Contracts Negotiation



PPP Options & Implementation



Project Appraisal & Structuring



Revenue Enhancement Solutions



Advising on Debt / Equity Tying

Equity

Advisory

Trusteeship

28

STEEL & ALLIED Ongoing Ongoing

Ongoing Ongoing

February, February,2006 2006

NATIONAL NATIONALMINERAL MINERAL DEVELOPMENT DEVELOPMENTCORP. CORP.LTD. LTD.

NEELACHAL NEELACHALISPAT ISPATNIGAM NIGAMLTD. LTD.

JINDAL JINDALSTAINLESS STAINLESSLTD. LTD.

Bid BidProcess ProcessManagement Managementfor forsetting setting up a Iron & Steel Plant up a Iron & Steel Plant

Financial FinancialRestructuring RestructuringProgramme Programme

Greenfield GreenfieldProject Project

Advisor Advisor

Advisor&&Arranger Arranger Advisor

Advisor Advisor

Quantum:INR INR12,500 12,500mn mn Quantum:

ProjectCost: Cost:INR INR36,000 36,000mn mn Project

September, September,2004 2004

August, August,2004 2004

May, May,2004 2004

BHARAT BHARATNRE NRECOKE COKELTD LTD. .

ESSAR ESSARSTEEL STEELLTD. LTD.

GUJARAT GUJARATNRE NRECOKE COKELTD. LTD.

Greenfield GreenfieldProject Projectfor formanufacture manufactureof of Law Ash Metallurgical Coke Law Ash Metallurgical Coke

Brownfield BrownfieldExpansion Expansionof ofHRC HRCFacility Facility &&Debt Restructuring Debt Restructuring

Greenfield GreenfieldProject Projectfor formanufacture manufactureof of Law Ash Metallurgical Coke Law Ash Metallurgical Coke

Advisor&&Arranger Arranger Advisor

MerchantAppraisal Appraisal Merchant

Advisor&&Arranger Arranger Advisor

ProjectCost: Cost:INR INR1,418 1,418mn mn Project

Quantum:INR INR24,000 24,000mn mn Quantum:

ProjectCost: Cost:INR INR546 546mn mn Project

Debt



Feasibility Studies



Financial Restructuring



Project Appraisal & Structuring



Advising on Debt / Equity Tying

Equity

Advisory

Trusteeship

29

PULP & PAPER April, April,2006 2006

December, December,2005 2005

July, July,2005 2005

MALU MALUPAPER PAPERMILLS MILLSLTD. LTD.

HINDUSTAN HINDUSTANPAPER PAPER CORPORATION CORPORATIONLTD. LTD.

HINDUSTAN HINDUSTANNEWSPRINTS NEWSPRINTSLTD. LTD.

Expansion ExpansionProject Project

Financial FinancialAppraisal Appraisalof ofGreenfield Greenfield Pulp & Paper Mill Project Pulp & Paper Mill Project

Financial FinancialAppraisal Appraisalof ofExpansion Expansioncum cum Diversification Project Diversification Project

Advisor&&Arranger Arranger Advisor

Advisor Advisor

Advisor Advisor

ProjectCost: Cost:INR INR700 700mn mn Project

ProjectCost: Cost:INR INR25,110 25,110mn mn Project

ProjectCost: Cost:INR INR673 673mn mn Project

May, May,2005 2005

August, August,2004 2004

NAGALAND NAGALANDPULP PULP&&PAPER PAPER COMPANY LTD. COMPANY LTD.

JK JKPAPER PAPERLTD. LTD.

Revival RevivalPlanning Planning

Debt DebtRefinancing Refinancing

InvestmentAppraisal Appraisal Investment

FinancialAdvisor Advisor Financial

Quantum:INR INR2,500 2,500mn mn Quantum:

Debt



Feasibility Studies



Financial Restructuring



Project Appraisal & Structuring



Advising on Debt / Equity Tying

Equity

Advisory

Trusteeship

30

CEMENT March, March,2006 2006

October, October,2005 2005

June, June,2005 2005

JAIPRAKASH JAIPRAKASHASSOCIATES ASSOCIATESLTD. LTD.

BINANI BINANICEMENT CEMENTLTD. LTD.

JAIPRAKASH JAIPRAKASHASSOCIATES ASSOCIATESLTD. LTD.

Expansion ExpansionProject Project

Expansion ExpansionProject Project

UP UPCement CementPlant Plant––Acquisition Acquisition Advisory Advisory

Arranger Arranger

Arranger Arranger

Quantum:INR INR500 500mn mn Quantum:

Quantum:INR INR700 700mn mn Quantum:

Advisor Advisor

December, December,2004 2004

December, December,2004 2004

OCL OCLINDIA INDIALTD. LTD.

DALMIA DALMIACEMENT CEMENTBHARAT BHARATLTD. LTD.

Expansion ExpansionProject Project

Expansion ExpansionProject Project

Debt

Arranger Arranger

Arranger Arranger

Quantum:INR INR1,300 1,300mn mn Quantum:

Quantum:INR INR300 300mn mn Quantum:



Feasibility Studies



Financial Restructuring



Project Appraisal & Structuring



Advising on Debt / Equity Tying

Equity

Advisory

Trusteeship

31

TEXTILES May, May,2006 2006

Ongoing Ongoing

March, March,2006 2006

WINSOME WINSOMETEXTILES TEXTILESLTD. LTD.

ABHISHEK ABHISHEKMILLS MILLSLTD. LTD.

ALOK ALOKINDUSTRIES INDUSTRIESLTD LTD. .

Expansion Expansioncum cumModernization Modernization Project Project

Expansion ExpansionProject Project

Expansion ExpansionProject Project

Advisor&&Arranger Arranger Advisor

Advisor&&Arranger Arranger Advisor

Advisor&&Arranger Arranger Advisor

ProjectCost: Cost:INR INR1,170 1,170mn mn Project

Quantum:INR INR2,227 2,227mn mn Quantum:

ProjectCost: Cost:INR INR21,700 21,700mn mn Project

March, March,2006 2006

October, October,2005 2005

INDOCOUNT INDOCOUNTINDUSTRIES INDUSTRIESLTD. LTD.

SPENTEX SPENTEXINDUSTRIES INDUSTRIESLTD. LTD.

Expansion ExpansionProjects Projects (Phase – I & (Phase – I &II) II)

Capacity CapacityExpansion ExpansionProject Project

September, September,2005 2005

BOMBAY BOMBAYRAYON RAYON&&FASHIONS FASHIONS LTD. LTD.

Expansion Expansioncum cumBackward Backward&&Forward Forward Integration Project Integration Project

Advisor&&Arranger Arranger Advisor

Advisor&&Arranger Arranger Advisor

Advisor&&Arranger Arranger Advisor

ProjectCost: Cost:INR INR2,066.1 2,066.1mn mn Project

ProjectCost: Cost:INR INR1,912.7 1,912.7mn mn Project

ProjectCost: Cost:INR INR1,617.5 1,617.5mn mn Project

Debt



Feasibility Studies



Advising on Debt / Equity Tying



Project Appraisal & Structuring



Technology Upgradation Fund Scheme (TUFS) Eligibility Appraisals

Equity

Advisory

Trusteeship

32

CORPORATE ADVISORY April, April,2006 2006

August, August,2005 2005

MANGALORE MANGALOREREFINERY REFINERY&& PETROCHEMICALS PETROCHEMICALSLTD. LTD.

GREENPLY GREENPLYINDUSTRIES INDUSTRIESLTD. LTD.

Upgradation Upgradation&&enhancement enhancementof of Refinery Capacity Refinery Capacityto to15 15MMTPA MMTPA

Expansion ExpansionProject Project

FinancialAdvisory Advisory Financial

Advisor&&Arranger Arranger Advisor

ProjectCost: Cost:INR INR80 80bn bn Project

ProjectCost: Cost:INR INR813.6 813.6mn mn Project

August, August,2005 2005

March, March,2005 2005

MYSORE MYSORESUGAR SUGARCOMPANY COMPANYLTD. LTD.

ORISSA ORISSASTATE STATEFINANCIAL FINANCIAL CORPORATION CORPORATIONLTD. LTD.

Revival Revival&&Restructuring RestructuringPlan Plan Assessment Assessmenton onbehalf behalfof ofLenders Lenders

Financial FinancialRestructuring Restructuring

Advisor Advisor

Debt

Advisor Advisor



Viability Studies



Operational / Business Re-organization



Reform Option Studies



Financial Restructuring

Equity

Advisory

Trusteeship

33

CORPORATE ADVISORY March, March,2005 2005

March, March,2005 2005

ANDHRA ANDHRAPRADESH PRADESHCO-OP. CO-OP. MARKETING FEDERATION MARKETING FEDERATIONLTD. LTD.

RAJASTHAN RAJASTHANFINANCIAL FINANCIAL CORPORATION CORPORATIONLTD. LTD.

Reform ReformOptions OptionsStudy Study

Business BusinessRestructuring Restructuring

Advisor Advisor

Advisor Advisor

May, May,2004 2004

April, April,2003 2003

HMT HMTLTD. LTD.

ANDHRA ANDHRAPRADESH PRADESHDAIRY DAIRY DEVELOPMENT CO-OP. DEVELOPMENT CO-OP. FEDERATION FEDERATIONLTD. LTD.

Diagnostic DiagnosticStudy Study

Reform ReformOptions OptionsStudy Study

Advisor Advisor

Debt

Advisor Advisor



Viability Studies



Operational / Business Re-organization



Reform Option Studies



Financial Restructuring

Equity

Advisory

Trusteeship

34

TRUSTEESHIP BUSINESS - ACTIVITIES ACTIVITIES CHART

MONITORING AGENCY

TRUSTEES

DEBT

DEBENTURE BONDS (NCDs / FCDs / OCDs / SECURED FCCBs

VANILLA

GUARANTEE

Debt

SECURITISATION

LOANS (FACILITY AGENT / SECURITY AGENT)

STRUCTURED

TRA /ESCROW MECHANISM

Equity

TERM LOANS

BUSINESS RECEIVABLES & / COLLATERAL SECURITY

Advisory

RESTRUCTURED DEBT

ABS & LOANS

ECB

SCOPE OF SERVICES  Debenture / Bond Trusteeship  Security Trusteeship  Securitisation  Facility Agent Services  Monitoring Agency Services  Escrow Agent Services

Trusteeship

35

TRUSTEESHIP BUSINESS - ACTIVITIES PRESENTLY SERVICING OVER 150 CORPORATES INCLUDING

Noida Toll Bridge Aircel Ltd. BPL Mobile Communication Ltd. Tata Petrodyne Ltd. HUDCO NHPC Rural Electrification Corporation National Textiles Corporation GMR Infrastructure Jaiprakash Associates SREI Infra Ltd. GE Group Citi Group Rabo India Pvt. Ltd. Reliance Group Arvind Mills Ltd. Ultratech Cemco Ltd. Indusind Bank Tata Finance Kotak Mahindra Ltd. Standard Chartered Bank

Debt

Equity

OFFSHORE CLIENTS

FMO, Netherlands (Nederlandse Financierngs – Maatschappij Voor Ontwikkelingslanden N.V.)

Export Development Canada Lehman Brothers Commercial Corporation Asia Ltd.

IFC Washington Nordic Investment Bank (NIB) CitiBank N.A.

KFW Germany AKA Ausfuhrkredit-Gesellschaft MBH - Germany

Export Import Bank of United States

BUSINESS GROWTH 800 700

636

668

713

600 462

500 358

400 300 200

148

100 0 2000-01

Advisory

2001-02

2002-03

Trusteeship

2003-04

2004-05

2005-06

36

OUR STRENGTHS



Market leader in debt syndication with a proven track record



For FY 2005-06, debt syndication / placement of over INR 450 Billion



Experienced, Professionally Qualified Teams



Widespread Network



Comprehensive Solutions



Strategic Alliances to complement “In-House” skills

Debt

Equity

Advisory

Trusteeship

37