DEBT CAPITAL MARKETS

Transaction Closure for Aditya Birla Finance Limited: Private Placement of Secured, Redeemable, Non-Convertible Debentures Private Placement of Secured, Redeemable, Non-Convertible Debentures rated [ICRA] AA+ (Stable) from ICRA Limited & 'IND AA+ Stable' from India Ratings & Research Private Limited was closed on 16th April, 2015. The total amount raised by ABFL was INR 10,011 million. Aditya Birla Finance Limited (ABFL) previously known as Birla Global Finance Company Limited (BGFCL) is registered with the RBI as a Systematically Important Non Deposit Accepting Non - Banking Finance Company (NBFC) headquartered in Mumbai. The financial services business of ABFL has a wide network through its branches and associates across the country. Edelweiss Financial Services Limited acted as an Arranger to this Issue. For more information please visit: www.edelweissfin.com

Transaction Closure for Rural Electrification Corporation Limited: Unsecured, Redeemable, Non Convertible, Non Cumulative Bonds in the nature of Debentures (Series 135) Private placement of Unsecured, Redeemable, Non Convertible, Non Cumulative Bonds in the nature of Debentures (Series 135) rated CRISIL AAA/Stable by Crisil Limited, IND AAA by India Ratings and Research Private Limited, ICRA AAA by ICRA Limited and CARE AAA by Credit Analysis & Research Limited was closed on 22nd September, 2015. The total amount raised was INR 27,500 million. Rural Electrification Corporation Limited is a public financial institution in the Indian power infrastructure sector. It is engaged in the financing and promotion of transmission, distribution and generation including renewable energy projects throughout India. Edelweiss Financial Services Limited acted as an Arranger to this Issue. For more information please visit: www.edelweissfin.com

Transaction Closure for State Bank of Patiala: Non-convertible, Redeemable, Unsecured, Basel III compliant Tier 2 Bonds in the nature of debentures for augmenting Tier 2 capital of the Bank. Private placement of Non-convertible, Redeemable, Unsecured, Basel III compliant Tier 2 Bonds in the nature of debentures for augmenting Tier 2 capital of the Bank rated CARE AAA by Credit Analysis & Research Limited and ICRA (AAA) (hyb)(Stable) by ICRA Limited was closed on 22nd January, 2015. The total amount raised was INR 9,500 million. State Bank of Patiala has widespread network of 1268 Branches, 1314 ATM (as on 30th September, 2014), 15 Extension Counters spread all over India, 30 Small and Medium Enterprise Branches, 5Commercial Branches, 12 Mid Corporate Branches, 31 Specialized Personal & Services Banking Branches, 14 Agricultural Development Branches, 1 Government Business Branch and 1 Specialized NRI Branch, offering wide range of services to the customers besides Service Branches and Asset Recovery Branches rendering backup support to the Bank. Edelweiss Financial Services Limited acted as an Arranger to this Issue. For more information please visit: www.edelweissfin.com

Transaction Closure: Public Issue of Secured and Unsecured Redeemable and Non-Convertible Debentures by Muthoot Finance Limited: We have successfully completed the Public Issue of Secured and Unsecured Redeemable and Non-Convertible Debentures of face value of INR 1,000 each (“NCDs”) aggregating to INR 2,500 million with an option to retain over-subscription up to INR 2,500 million for issuance of additional NCDs aggregating to a total of i.e. INR 5,000 million (“Issue”) The Unsecured Redeemable Non Convertible Debentures will be in the nature of Subordinate Debt and will be eligible for Tier II Capital. The Secured Non Convertible Debentures have been rated “[ICRA] AA-” by ICRA Limited and Unsecured Non Convertible Debentures have been rated “[ICRA] AA-” by ICRA Limited. Company Overview It is the largest gold loan NBFC in India in terms of loan portfolio. In addition to financing gold transactions, the company offers foreign exchange services, money transfers, travel and tourism services, and sells gold coins. The company's headquarter is located in Kerala, India and operates over more than 4200 branches as of June 30, 2015. Product Overview: The NCDs are issued in Option I, II, III, IV, V, VI, VII, VIII, IX, X and XI with tenure of 24 months, 36 months, 60 months, 84 months or 400 days from the Deemed Date of Allotment. The frequency of interest payment will be monthly, annual and on redemption. The NCDs offer up to 10.41% p.a. Coupon Rate / Yield to investors. Edelweiss Financial Services Limited acted as the Lead Manager to this Issue. For more information please visit: www.edelweissfin.com

Transaction Closure: Public Issue of Secured Redeemable Non-Convertible Debentures by ECL Finance Limited We have successfully completed the Public Issue of Secured Redeemable Non-Convertible Debentures of face value of INR 1,000 each (the "Debentures" or the "NCDs") aggregating up to INR 4,000 million ("Base Issue Size") with an option to retain over-subscription up to INR 4,000 million aggregating to a total of up to INR 8,000 million ("Issue "). The NCDs have been rated 'CARE AA [Double A]' by Credit Analysis & Research Limited ("CARE") & '[ICRA] AA (Stable)' by ICRA Limited. The total amount mobilised by the Company was INR 7892.76 million. Since January 2014, this is the third public NCD issue successfully completed by the Company. Company Overview ECL Finance Limited is a part of the Edelweiss Group which is one of India's prominent financial services organization having businesses organized around four broad lines - Credit including Retail Finance and debt capital markets; Commodities; Financial Markets including Asset Management and Life Insurance services. The product/ services portfolio of the Edelweiss Group caters to the diverse investment and strategic requirements of corporate, institutional, high net worth individuals and retail clients. Edelweiss Group has a pan India presence with a global footprint extending across geographies with offices in New York, Mauritius, Dubai, Singapore and Hong Kong. Product Overview: The NCDs are issued in Series I to VI with tenure 36 months or 60 months from the Deemed Date of Allotment. The frequency of interest payment will be monthly, annual or cumulative payment on redemption, depending on the Series applied for. The NCDs offer Effective Yield up to 10.64% p.a. to investors. Edelweiss Financial Services Limited acted as the Lead Manager to this Issue. For more information please visit: www.edelweissfin.com