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Dorsey & Whitney LLP India Capital Markets Practice

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Dorsey & Whitney LLP India Capital Markets Practice Dorsey & Whitney LLP India Capital Markets Practice Transactions by the Dorsey & Whitney India Practice Group (through August 2016) Qualified Institutions Placements (“QIPs”) Dorsey acted as international counsel (with drafting responsibility) on the following matters: Client(s) Issuer Type of Transaction Amount Raised Morgan Stanley IndusInd Bank Limited QIP in India and US US$675 million India Company private placement Private Limited outside India JM Financial Institutional Securities Limited CLSA India Private Limited Citigroup Global Markets India Private Limited Credit Suisse Securities (India) Private Limited Goldman Sachs (India) Securities Private Limited J.P. Morgan India Private Limited Edelweiss Marksans Pharma QIP in India and US US$21 million Financial Services Limited private placement outside India Barclays Bank Plc Dewan Housing QIP in India and US US$130 million Kotak Mahindra Finance Corporation private placement Capital Company Limited outside India Motilal Oswal Investment Advisors 4847-7896-0418\5 JM Financial CEAT Limited QIP in India and US US$64 million Standard private placement Chartered outside India Standard The Karur Vysya Bank QIP in India and US US$102 million Chartered Ltd private placement JM Financial outside India Spark Capital Credit Suisse ING Vysya Bank QIP in India and US US$147 million Securities Limited private placement Axis Capital outside India JM Financial Morgan Stanley IndusInd Bank Limited QIP in India and US US$370 million India private placement JM Financial outside India CLSA India HSBC Securities Edelweiss Development Credit QIP in India and US$18.8 million Financial Services Bank Limited Regulation S private placement outside India Enam Securities Dewan Housing QIP in India, US$62.2 million Standard Finance Corporation Section 4(2) private Chartered Limited placement in the US Securities India and Regulation S Religare Capital private placement Markets outside India Motilal Oswal Investment Advisors 2 Morgan Stanley IndusInd Bank Limited QIP in India, US$253 million India Company Section 4(2) private IDFC Capital placement in the US JM Financial and Regulation S Consultants placement outside BNP Paribas and India UBS Securities India IDFC Capital The Dhanalakshmi QIP in India and a RS. 3,807 million JM Financial Bank concurrent (US$85 million) Consultants Regulation S offering outside India Motilal Oswal Dewan Housing QIP in India, Investment Finance Corporation Section 4(2) private Advisors Limited placement in the US JM Financial and Regulation S Consultants placement outside India Enam Securities Magma Fincorp QIP in India, Centrum Capital Limited Section 4(2) private placement in the US and Regulation S placement outside India Collins Stewart Unity Infraprojects QIP in India and a Inga Limited concurrent Antique Capital Regulation S offering Markets outside India 3 Daiwa Securities Patel Engineering Concurrent QIP in SMBC India Limited India and Regulation S Kotak Mahindra offering outside India Capital Company Nomura Financial Advisory & Securities (India) Antique Capital Markets Axis Bank Anand Rathi Ackruti City Limited Concurrent QIP in Financial Services India and Regulation S Pioneer offering outside of Investcorp India Morgan Stanley IndusInd Bank Limited Concurrent QIP in India Company India and Regulation S IDFC‐SSKI offering outside India JM Financial ibn18 Broadcast Concurrent QIP in Consultants Limited India and Regulation S HSBC Securities offering outside India and Capital Markets (India) Antique Capital Markets Kotak Mahindra Marico Limited Concurrent QIP in Capital Company India, Section 4(2) Citigroup Global private placement in Markets India the US and Regulation S offering outside India Kotak Mahindra Mahindra Gesco Concurrent QIP in Capital Company Developers Limited India, Section 4(2) private placement in the US and Regulation S offering outside India 4 Initial Public Offerings (“IPOs”) and Follow‐on Offers Dorsey acted as international counsel (with drafting responsibility) on the following matters: Client(s) Issuer Type of Transaction Amount Raised Kotak Mahindra The RBL Bank Limited IPO in India and RS. 12,130 million Capital Company concurrent Rule 144A (US$180 million) Axis Capital offering Citigroup Morgan Stanley HDFC Bank ICICI Securities IDFC Securities IIFL Holdings SBI Capital Markets JM Financial Thyrocare IPO in India and RS. 4,972 million Edelweiss Technologies concurrent Rule 144A (US$74.5 million) Financial Services offering ICICI Securiteis IDFC Capital Tribhovandas Bhimji IPO in India and RS. 2,000 million Avendus Capital Zaveri Limited concurrent (US$39 million) Avendus Regulation S offering Securities outside India Reliance Securities and Sharekhan SBI Capital Power Grid Follow‐on public RS. 75.8 billion Markets Corporation of India offering, and (US$1.7 billion) Goldman Sachs Limited (Power Grid) Rule 144A offering ICICI Securities JP Morgan Goldman Sachs Orient Green Power IPO in India and RS. 9,000 million (India) Securities Company Limited Rule 144A offering (US$202 million) JM Financial Consultants UBS Securities India 5 Enam Securities Ashoka Buildcon IPO and concurrent RS. 2,250 million IDFC Capital Limited Regulation S offering (US$51 million) Motilal Oswal outside India Securities Enam Securities Ramky Infrastructure IPO and concurrent RS. 5,300 million Deutsche Equities Limited Regulation S offering (US$119 million) (India) outside India UBS Securities NMDC Limited Follow‐on public Rs.99,300 million India (Winner, India offering and (US$2,200 million) Citigroup Global Business Law Rule 144A offering Markets India Journal’s “India Deal Morgan Stanley of the Year” award India Company 2010) RBS Equities (India) Edelweiss Capital Kotak Mahindra Capital Company J.P. Morgan India Persistent Systems IPO and Rule 144A Rs.1,680 million Enam Securities Limited offering (US$37.3 million) Deutsche Equities DEN Networks IPO and concurrent RS. 3,645 million (India) Limited Regulation S offering (US$76 million) Antique Capital outside India Markets Antique Stock Broking JM Financial Pipavav Shipyard IPO and Rule 144A RS. 4,987 million Consultants Limited offering (US$104 million) Citigroup Global Markets India Enam Securities SBI Capital Markets Kotak Mahindra Capital Company Motilal Oswal Investment Advisors 6 Enam Securities NHPC Limited (NHPC) Privatization, IPO, and RS. 60,000 million Kotak Mahindra (Winner, India Rule 144A offering (US$1,250 million) Capital Company Business Law SBI Capital Journal’s “India Deal Markets of the Year” award 2009) Kotak Mahindra Shriram EPC Limited IPO and Rule 144A RS. 1,500 million Capital Company offering (US$38 million) ICICI Securities Motilal Oswal Investment Advisers Citigroup Global Power Grid Privatization, IPO, and RS. 29,845 million Markets India Corporation of India Rule 144A offering (US$760 million) Enam Securities Limited (Power Grid) Kotak Mahindra (Winner, India Capital Company Business Law Journal’s “India Deal of the Year” award 2007) Kotak Mahindra Jyothy Laboratories Public offering and RS. 3,056 million Capital Company Limited Rule 144A offering (US$80 million) Enam Securities DSP Merrill Lynch Kolte Patil Developers IPO and Rule 144A RS. 2,755 million Edelweiss Capital Limited offering (US$70 million) Central Bank of Central Bank of India Privatization, IPO and RS. 8,160 million India Rule 144A offering (US$208 million) Enam Financial Consultants ICICI Securities Kotak Mahindra Capital Company Citigroup Global Markets India IDBI Capital Markets Services 7 Enam Financial IVR Prime Urban IPO and Rule 144A RS. 7,783 million Consultants Developers Limited offering (US$190 million) Kotak Mahindra Capital Company Enam Financial Indian Bank IPO and Rule 144A RS. 7,821 million Consultants offering (US$191 million) SBI Capital Markets Enam Financial Power Finance Privatization, IPO and RS. 9,972 million Consultants Corporation Limited Rule 144A offering (US$243 million) ICICI Securities (PFC) Kotak Mahindra Capital Company ICICI Securities Tanla Solutions IPO and Rule 144A RS. 3,788 million SBI Capital Limited offering (US$86 million) Markets IL&FS Investsmart Enam Financial Parsvnath Developers IPO and Rule 144A RS. 10,897 million Consultants Limited offering (US$248 million) DSP Merrill Lynch JM Morgan Stanley Enam Financial Sobha Developers IPO and Rule 144A RS. 5,691 million Consultants Limited offering (US$130 million) Kotak Mahindra Capital Company IL&FS Investsmart ICICI Securities Enam Financial Deccan Aviation IPO and Rule 144A RS. 3,633 million Consultants Limited (Air Deccan) offering (US$81 million) ICICI Securities DSP Merrill Lynch Unity Infraprojects IPO and Rule 144A RS. 2,324 million Limited offering (US$52 million) 8 Jagran Prakashan Jagran Prakashan IPO and Rule 144A RS. 3,213 million Limited Limited (publisher of offering (US$75 million) DSP Merrill Lynch Danik Jagran) ICICI Securities Patel Engineering Patel Engineering Follow‐on public RS. 4,250 million Limited Limited offering and (US$94 million) ICICI Securities Rule 144A offering Enam Financial Consultants Bank of Baroda Bank of Baroda Follow‐on public RS. 16,330 million DSP Merrill Lynch offering and (US$375 million) Kotak Mahindra Rule 144A offering Capital Company JM Morgan Stanley Enam Financial Consultants HSBC SBI Capital Markets Karvy Investor Services other underwriters Andhra Bank, Andhra Bank Follow‐on public RS. 7,650 million Citigroup Global
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