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INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED : APPLICATION FORMS AVAILABLE AT FOLLOWING LOCATIONS3INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITEDLEAD BROKERSINFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED : COLLECTION CENTRES FOR APPLICATION FORMAXIS BANK LIMITEDAHMEDABAD: Trishul-Opposite Samartheshwar Templelaw Garden, Ellis Bridgeahmedabad 380006 Gujarat, Tel: 079-66306102. BANGALORE: No. 9, M.G. Road, Block Abangalore 560001 Karnataka, Tel: 080-25317830. BHOPAL: Plot No 165A & 166, Star Arcadem P Nagar, Zone 1Bhopal 462011 Madhya Pradesh, Tel: 0755-4085010/12. BHUBANESHWAR: Archbishops Housesatyanagarbhubaneshwar 751007 Orissa, Tel: 0674-2571834/735. BOKARO: Hotel Blue Diamond, 15 D/1 Western Avenueground Floor, Bokaro Steel Citybokaro 827001Jharkhand, Tel: 06542-226123, 42, 44,. CALICUT: Axis Bank Ltd, Marina Mallymca Cross Roadkozhikode 673001 Kerala, Tel: 0495-4020598/97. CHENNAI: 82 Dr Radhakrishnan Salaimylapore, Chennaichennai 600004 Tamil Nadu, Tel: 044-28306800. DLF, GURGAON: Sg-21 & 22, Galleria Shopping Mall, Phase-iv, Dlf Qutab Enclave Complexgurgaon 122002 Haryana, Tel: 0124-4050595/96/97. GWALIOR: Kanwal Complex, Shrmant Madhav Raoscindia Marggwalior 474002 Madhya Pradesh, Tel: 0751-2233770, 80, 90. HYDERABAD: 6-3-879/B First Floor, G Pulla Reddy Blgreenlands, Begumpet Roadhyderabad 500016 Andhra Pradesh, Tel: 040-23400732/731. INDORE: Kamal Palace, 1 Yeshwant Colonyyeshwant Niwas Roadindore 452003 Madhya Pradesh, Tel: 0731-4295201/333. JABALPUR: Grd & 1st Flr, Panchratna Blgplot No.902, Model Rd, Wright Townjabalpur 482002 Madhya Pradesh, Tel: 0761-4027700/1/2/3/4. JAIPUR: O-15, Green Houseashok Marg, C-Schemejaipur 302001 Rajasthan, Tel: 0141-4061111. KALYAN: Old Suchak Niwas, Cts No.3203murbad Roadkalyan(West) 421301 Maharashtra, Tel: 0251-2315819/21. KANPUR: 16/104 A, Civil Lines, Infront Of Icai Bhawankanpur 208001 Uttar Pradesh, Tel: 0512-2346206/9/10. KOCHI: 41/419, Ground Floor Chicago Plaza, Rajaji Road, Ernakulamkochi 682035 Kerala, Tel: 0484-4411044/05. KOLKATA : 7, Shakespeare Saranikolkatakolkata 700071 West Bengal, Tel: 033-2822933/496. LUCKNOW: 25 B, Ashok Marg, Sikander Bagh Chauraha, Lucknowlucknow 226001 Uttar Pradesh, Tel: 0522-4152000/1-32. LUDHIANA: Shop No.3, LGF, Surya Towers108The Mallludhiana 141001 Punjab, Tel: 0161-4684680. MUMBAI: Fortune 2000, Ground Floor, Bandra-Kurla Complex, Bandra(E)Mumbai 400051 Maharashtra, Tel: 022-30620066/7/71. NAGPUR: M. G. House, Rabindranath Tagore Road, Besides Board Office, Civil Linesnagpur 440001 Maharashtra, Tel: 0712-6621800/6621801. NEW DELHI: Statesman House, 148, Barakhamba Roadnew Delhi 110001 Delhi, Tel: 011-23311047/051HDFC BANK LIMITEDAhmedabad : HDFC Bank Ltd., Astral Tower, Near Mithakhali Six Raod,Navrnagpura, Ahmedabad-380 009, Tel: 079-32423470/093740 21787/079-65440373/093761 09247/079-65440373/093270 88696. Allahabad : 58, SP Marg Civil Lines Allahabad (, 211003, Tel: 3982510505514/9335070679. Amritsar : 26 Kennedy Avenue First Floor Amritsar, Amritsar-143001, Tel: 0183-3018603 and 606. Anand : HDFC Bank Ltd. 1st Floor, Sanket Complex, Next to Sales India, Grid cross road, Anand-388001, Tel: RIM-093275 68094, Tata-02692-653195,Fax-02692 246430. Aurangabad : HDFC Bank Ltd., Divekar Plaza,CTS No 18272, IInd Floor,Railway Station Road,Padampura, Aurangabad 431001, Tel: 0240-6604355, 9371619597. Bangalore : HDFC Bank Ltd., Cash Management Services “SALCO CENTRE” # 8/24, Richmond Road, Bangalore-560025, Tel: 8066633131 09343790037. Baroda : 1st Floor, Fortune Tower,Vadodara Stock Exchange Building,Opp. Parsi Agiyari,Sayajigunj, Baroda-390005, Tel: 0265 6585517, /93247468108. Bharuch : HDFC Bank Ltd., 127, Alfa Society, LinkRoad, Bharuch-392001, Tel: 9327468094/02642-650882. Bhavnagar : 1st floor, Sterling Point, Waghawadi Road, Bhavnagar-364001, Tel: 0278-2561625/9327568121. Bhopal : Asha Avenue, 1st Floor, Z-1, Zone-1 M P Nagar, Bhopal-462011, Tel: 0755-4002914, 4002916, 4002917, 9302446025. Chandigarh : sco-189-190 Sector 17 C, Chandigharh-160017, Tel: 0172-4603770-5088306/09316175094. Chennai : No. 115, Dr. Radhakrishnan Salai, 2nd Floor, Opp. to CSI Kalyani Hospital, Mylapore, Chennai-600004. Tel: 9381750927. Coimbatore: WBO ,1552,B7, First floor, Classic Towers, Trichy Road, Coimbatore-641018, Tel: 0422-4202636/0422-4202646 (RIM :9345728785). Dehradun : WBO Deptt, HDFC Bank, 56, Rajpur Road, Dehradun-248001, Tel: 0135-3245791, 0135-2745295, 9319072148. Delhi : Fig-Ops 1st Floor, Kailash Bldg, New Delhi-110001, Tel: 011-43174071/011-43174072/011-43174073. Dhanbad : Sri Ram Plaza, 1st Floor, Bank More Dhanbad, Jharkhand-826 001, Tel: (0326) 2308831. Gandhidham : Plot No.1, Sector-8, Rabindranath Tagore Road, Gandhidham-370201, Tel: 02836-653251/ 02836-233514/ 9377481871. Gorakhpur : Wholesale Banking Operations,Shreenath Complex, 10, Park Road, Civil Lines, Gorakhpur-273 001, Tel: 0551-2205685/0551-3208666/09335086506. Guwahati : 1st floor,Mishra Complex,Jail Raod, Fancy Bazar,Guwahati-781001, Tel: 0361-2734323. Gwalior : J K Plaza, Gast Ka Tazia, Lashkar, Gwalior-474001, Tel: 07514015007/9300788558. Hissar : 3 & 4 MC Area Red Square Market Railway Road Hisar, Hisar-125000, Tel: 01662-241023. Hosur : NO.24 & 25, MaruthiNagar, SIPCOT PO, Near Dharga, Hosur-635126, Tel: 04344-400554,09345151173. Hyderabad : WBO 1-10-60/3, III Floor, Suryodaya,Begumpet, Hyderabad-500 016, Tel: 040-30472772/2770/2771. Indore : HDFC Bank Ltd., 1st Floor, Brilliant Avenue, Sch No. 94, Sector-B, Behind Bombay Hospital, Ring Road, Indore-452010, Tel: 0731-3912851, 3912856 RIM : 09329766183. Jaipur : HDFC Bank House, 2nd Floor, O-10,Ashok Marg,C-Scheme, Jaipur-302001, Tel: 5103486, 5115476 & 9314274796. Jalandhar : HDFC Bank Ltd., 1st Floor, 911,GT Road, Nr. Narinder Cinema, Jalandhar-144001, Tel: 0181-5017790-92/9316939408/9316915509/9317785643. Jalgaon : HDFC Bank Ltd., 3rd Floor, Sugan Heights,P P NO 324/2, TPS II,Near Central Bus Stand Jalgaon-425001, Tel: Dir :- 0257-2237642, Fax-0257- 2237042, Rim No 9372747743. Jammu : CB-13, Rail Head Commercial Complex, Gandhi Nagar, Jammu-180004, Tel: 0191-2471427, 2475396. Jamnagar : Abhishek3rd Floor ,Saru Section Road,Near Savan appartment,Jamnagar-361008, Tel: PH-02886541963-RIM-9327812378.Jhansi : HDFC Bank Ltd Damroo Cinema complex, CIvil Lines Jhansi 284003, Tel: 0510-2449330 & 9335087889. Jodhpur : HDFC Bank Ltd., Ist Floor, 15, Keshav Comlex, Nimbera House, Paota, Mandore Road, Jodhpur-342010. Tel: LL. 0291-2541839, Rim- 09314158246. Junagadh : Ground Floor,Moti palace, opp.Rayji Nagar, Moti Baugh Road., Junagadh-362001, Tel: 0285-2670067/9327568072. Kolhapur : Gemstone, 517/A/2 E ward New shahupuri, Nr Central Bus Stand Kolhapur-416001, Tel: 0231-2652791/2010099/2651906/9373083495/9373053918. Kolkata : Abhilasha-II, 6 Royd Street (2nd Floor), Kolkata-700016, Tel: 22273761, 9331992557, 9331430891. Kota : 13-14,Main Jhalawar Road, Kota-324007, Tel: 0744-2390485/9314480984. Kottayam : 3rd Floor Unity Buildings, KK Road, Kottayam-686002, Tel: 0481-2302361,9387332717/ 0481-642418,9387332720/ 0481-3206000/0481-6452418. Ludhiana : SCO-54, Phase-2 Urban Estate Dugri, Ludhiana-141001, Tel: 0161-3040060/61/62/63/9316897673. Mangalore : Ideal Towers 1st floor, Opp Sharavu Ganapathi Temple,G T road Mangalore-1, Mangalore-575001, Tel: 0824-6451392/93/rim-9342231594. Meerut : HDFC Bank Ltd., 1st Floor 381, Western Kutchery Rd Meerut U.P, Meerut-250001, Tel: 0121-4028363/65, 09319058981. Mehsana : Prabhu Complex “ Nr Rajkamal Petrol Pump, Highway Road,Mehsana 384002. Tel: 02762 243173/9327568081. Moradabad : HDFC Bank Ltd, First Floor, Chaddha Complex, GMD Road, Moradabad-244001, Tel: 05913208473, 9336015976. Mumbai : Ground Floor, Maneckji Wadia Building,Nanik Motwani Marg,Near KalaGhoda,opp Mumbai University,Fort Mumbai- 400 001, Tel: 022-40801570/1528/1570/1560. Mysore : Mythri Arcade, Saraswathipuram,1st Main, Mysore-570009, Tel: 0821-4255304/9342591264. Nagpur : 2, “ Mile Stone “ Block No 303 & 304, Near Lokmat Square, Wardha Road, Nagpur-440010, Tel: 0712-2454417,2451746 and RIM 9372153142, 9371657462. Nasik : HDFC Bank Ltd., 3rd Floor, Archit Centre, Opp Sandeep Hotel, Chandak Circle Link Road, Near Mahamarg Bus Stand, Nasik 422 002, Tel: 0253-6620251/252/95253-2578322/ 95253-2578322, RIM NO : 93727 48487. Navsari : Gr Flr, Nandani Complex, Station Road, Navsari-396445, Tel: 02637-280901,9327568065. Panipat : 801/4,Opps Railway Road, G.t Road, Panipat-132103, Tel: 9315416685/01804015268. Panjim : 301, Milroc Lar Menezes, Swami Vivekanand Road, Panjim-403001, Tel: 6659744,45, 9326801996, 9372491097. Patiala : Building NO 11520, 1st Floor Leela bhawan, Near Gopal Sweets, Patiala-147001, Tel: 0175-5022000 ,9317664977, 9356055165. Pondicherry : T.S.No.6, 100Ft Road, Ellaipillaichavady,Pondicherry-605005, Tel: 0413-2206575/9362845444. Pune : Fortune Square 3rd Floor, Deep bungalow Chowk, Model Colony, Shivajinagar, Pune-411016, Tel: 020-41224309/ 020-41224328/ 020-41224311/ 020-41224335. Raipur : HDFC BANK LTD, Chawla Towers, Near Bottle House, Shankar Nagar, Raipur, Chhattisgarh 492007, Tel: 0771-4003110/3112. Rajkot : Shivalik-V, 3rd Floor, Gondal Road,Rajkot-360002, Tel: 0281-6536982/09377408494. Siliguri : 136/115 Hill Cart Road, Siliguri-734401, Tel: 0353-2520409/9333744964. Surat :1st Floor, Crossway Mall, Near Ram Chowk, Ghod Dod Road, Surat-395007, Tel: 0261-6677807. Trivendrum : BOB Plaza, Second Floor, T. C. 12/149 ( 3), Pattom ,Trivandrum-695004, Tel: 0471-3083430/9388860244. Vapi : 1 st Floor, Kanta Trade Center, GIDC Char Rasta, Vapi-396195, Tel: 0260-6548104, 09377929205.ICICI BANK LIMITEDAHMEDABAD: JMC House, Opp. Parimal Gardens,Opp Parimal Garden, Ambawadi, Ahmedabad-380 006Tel: (079) 66523717-719. BANGALORE: ICICI Bank Towers, 1, Commissariat Road, Ground Floor, Bangalore-560025, Tel: 080-41296007 . , , ICICI Bank Ltd., No.509, 8th Cross, West of Kanakapura Road, Jayanagar 7th Block, Bangalore -560082, Tel: 080-22449738/41131877/26643500. , , ICICI Bank Ltd, Salarpuria House, # 496, CMH Road, Indira Nagar. -560038, Tel: 080-42171362/41131877/42171364. BELGAUM: Shree Krishna Towers,#14, Khanapur Road, RPD Cross, Tilakwadi, Belgaum. -590006, Tel: 0831 -2404 203, 2404 204,2404 205 . BHARUCH: Blue Chip Complex, Sevashram Road, Panchbatti,Bharuch-392001, Tel: 02642-252451/ 52/53 . BHAVNAGAR: Ground Floor, Plot No. 2569,Ratnadeep, Opp. Central Salt Research Institute,Waghawadi Road, Bhavnagar -364002, Tel: 0278-2573626/27. CHANDIGARH: SCO 9-10-11, Sector 9-D. Chandigarh-160017, Tel: (0172)-5070542 . CHENNAI: 110, Prakash Presidium, Uthamar Gandhi Salai, (Nungambakkam High Road),Chennai-600034, Tel: 044-28228003,4,28220713,28222461,28222399,28256359. ICICI Bank Ltd., 7, Bazullah Road, T.Nagar, Chennai-600017, Tel: 044-42606510/42125747. ICICI Bank Ltd., 2/1, LB Road,Chennai-600 020, Tel: 044-42116434/42116440. ICICI Bank Ltd., P.B.No. 1610, Dare House, Annexe 44, Moore Street, Chennai-600001, Tel: 044- 25341164/42088000/42166789. DURGAPUR: ICICI Bank Ltd, The Legend, Ground Floor, Opp Suhatta Mall,City Centre, Durgapur, West Bengal -713216, Tel: 0343-2544420/6452521/2544439.GHAZIABAD: ICICI Bank Ltd, R- 1/88, Raj Nagar, Ghaziabad, Uttar Pradesh-201001, Tel: 0120-2833868/2833071/2854371/2854372 . GURGAON: ICICI Bank Ltd, SCO 18 & 19, HUDA Shopping Centre, Sector-14, Market Complex, Gurgaon-122001, Tel: 0124-4267151-7. HUBLI: Eureka Junction, Travellers Bungalow Road, Hubli-580029, Tel: 0836-4265212,4265216,4265223,4265240,4265229. JABALPUR: ICICI Bank Ltd, Kailash Automobiles, 124 Napier Town, Model Road, Jabalpur (M.P) -482001, Tel: 0761-4036932/4087027/4087075 .JAIPUR: C-99, Shreeji Towers, Subhash Marg, Near Ahimsa Circle, C Scheme, Jaipur-302001, Tel: 0141-5107444, 0141-2361992. JAMSHEDPUR: Natraj Mansion, Main Road, Bistupur, Jamshedpur-831001, Tel: 0657-2422509/10/2425907/12 . KOLHAPUR: Ground Floor, Vasant Plaza, Rajaram Road, Rajarampuri, Kolhapur-416001, Tel: 0231-2534292/3/4. KOLKATA: 22, R N Mukherjee Road, Kolkata-700001, Tel: 033-22428537/22100995. ICICI Bank Ltd., BJ-140, Sector II, Salt Lake City, Kolkata -700091, Tel: 033-23598064/44026102/44026115. ICICI Bank Ltd., Rishikesh, 1/1, Ashutosh -Chowudhry Avenu Ballygunge Kolkata 700019, Tel: 033-30582536/22807684. MUMBAI : ICICI Bank Ltd., Reis Magos, Sutrale Road, off. Chandavarkar Lane, Borivali (W), Mumbai-400092, Tel: 0712-2540302/5614040 /2561983 /2540294. ICICI Bank Ltd., Galleria Shopping Mall, Hiranandani Gardens, Powai, Mumbai-400076, Tel: 022-25704846/28307777/65257173. ICICI Bank Ltd., Shop No 14,15 & 16, Shri Ganesh CHS, Sector 1, Opp.Apna Bazar, Vashi Navi Mumbai Dist-400703, Tel: 0821-2414006/2412222/2416888. 30,Mumbai Samachar Marg-400001, Tel: 022-22627600. ICICI Bank Ltd., Sagar Avenue, Ground Floor, Opp. Shoppers Stop, S.V. Road, Andheri (W), Mumbai-400058, Tel: 022-26288093/66930384/66390395. ICICI Bank Ltd., 167-C, Poonawadi, Dr. Ambedkar Road, Dadar, Mumbai-400014, Tel: 022-24116203/24116205. ICICI Bank Ltd., Glenmorgan,Veer Savarkar Marg,Panchpakhadi,Thane-400602, Tel: 022-65972498/65972499/65972498. NEW DELHI : 9A, Phelps Building, Inner Circle,Connaught Place, New Delhi-110001, Tel: 0832-2232180/2424217/ 2424225/ 2423444. NOIDA: K-1, Senior Mall, Sector 18, NOIDA-201301, Uttar Pradesh-201301, Tel: 0413-2332237/38/42. PUNE: A-Wing, Shangrila Gardens, Bund Garden Road, Pune-411001, Tel: 0651-2330286,2330654,2330789 . RAJKOT: Jai Hind Press annexe, Opp. Shardabaug, Babubhai Shah Marg, Rajkot-360001, Tel: 0427-2336635/36/39. SURAT: Anjan Shalaka, Lal Bungalow, Athwa Lines, Surat-395007, Tel: 0265-2339923/2339924/2339925/2339927/2339928 . VIJAYWADA: D-40-1-52/5, SainagComplex, M G Road, Vijayawada-520010, Tel: 0866-6677001/6610005/0883-2435776. VISAKHAPATNAM: 47-14-18, Isnar Satyasri Complex, Main Road, Dwarkanagar, Vishakapatnam-530016, Tel: 0891-2762644/6648782.IDBI BANK LIMITEDAGRA : IDBI Bank Ltd., Hall No . H-2, Gr Floor, Padamdeep Tower, G 10/8, Sanjay place, Agra-282002, UP, Tel: (562) -2526704. AHMEDABAD : IDBI Bank Ltd., IDBI Complex, Lal Bungalows Off, CG Road, Ahmedabad Pin : 380006, Gujarat, Tel: (079)-66072623. AHMEDNAGAR : IDBI Bank Ltd., 210, Palashikar Bldg, Near Shami Ganpati, Delhi Gate, Ahmednagar, Pin : 414001, Maharashtra, Tel: (0241)-2345457. ALLAHABAD : IDBI Bank Ltd. Jeevan Prakash Building, 172A/40, M.G Marg, Civil Lines, Allahabad-211001, UP, Tel: (0532)-6451901.AMRITSAR : IDBI Bank Ltd., Adjacent to Hotel Raj Continental, Court Road, Amritsar-143001, Punjab, Tel: (0183)-2224574. BANGALORE : IDBI Bank Ltd., IDBI House, 58 Mission Road, Bangalore Pin : 560027, Karnataka, Tel: 91 (80) 2290447. BAREILLY : IDBI Bank Ltd., 146 Civil Lines, Circuit House, Chouraha., Bareilly Pin-243001, UP, Tel: 0581-2510399. BELGAUM : IDBI Bank Ltd., ’3493/1B, College Road, Belgaum Pin : 590001, Karnataka, Tel: (0831)-2405005. BHILAI : IDBI Bank Ltd., New Era, 19, Priyadarshni Parisar, Nehru Nagar Square,Bhilai Pin : 490020, Chhattisgarh, Tel: (0788)-2292158. BHOPAL : IDBI Bank Ltd., Hall A Centre Point, M P Housing Board Bldg, TT Nagar, Pin:462003, Tel: (0755)-4058553. BOKARO : IDBI Bank Ltd., M/S Classic, A - 1/2, City Centre, Sec - 4, Bokaro Pin : 827004, Jharkhand, Tel: (06542)-233889. CALICUT : IDBI Bank Ltd., Ground Floor & First Floor, City Plaza, YMCA Cross Road. Kozhikode Pin : 673001, Kerala, Tel: (0495) - 2766855. CHENNAI : IDBI Bank Ltd, PM Towers, 37, Greams Road, Chennai Pin : 600006, Tamil Nadu, Tel: (044)-24301731.COCHIN : IDBI Bank Ltd., Dhanwantari Building, Near Padma Theater, MG Road, Kochi Pin : 682035, Kerala, Tel: +91 (484) 382519. COIMBATORE : IDBI Bank Ltd, Door No: 72 Mayflower E Castle, Dr. Balasundaram Road, ATT Colony, Off Avinashi Road( RTO Office road), Coimbatore, Pin : 641018, Tamilnadu, Tel: (0422)-4299010/11. DEHRADUN : IDBI Bank Ltd., 59/4, International Trade Centre, Rajpur Road, Dehradun Pin : 248001, Uttaranchal, Tel: (0135)- 2741225/26/27. DHANBAD : IDBI Bank Ltd., Skylark Complex, Bank More, DhanbadPin : 826001, Bihar, Tel: 03262300761/762. HIMMATNAGAR : IDBI Bank Ltd.Shreeji Complex, Opp: Civil Hospital, District : Sabarkantha, Himmatnagar Pin : 383 001, Gujarat, Tel: (02772)-240281. HOSUR : IDBI Bank Ltd., Ground Floor, No.15, Second Cross, Kamaraj Colony, Hosur Pin : 635109, Tamil Nadu, Tel: (04344)-220584. HYDERABAD : IDBI Bank Ltd., Mahavir House, Basheerbagh Square, Hyderabad Pin : 500029, Andhra Pradesh, Tel: +91 (40) 66746000/41. JAIPUR : IDBI Bank Ltd., D-24 Durlabh Niwas, Prithviraj Road, C Scheme,Jaipur Pin : 302001, Tel: (0141)-5113456. JALANDHAR : IDBI Bank Ltd, Bombay Palace, 136, Jawahar Nagar, Cool Road, Jalandhar Pin : 144001, Punjab, Tel: (0181)-2227132. JALGAON : IDBI Bank Ltd.Khandesh Mills Complex, Nehru Chowk, Jalgaon Pin : 425001, Maharashtra, Tel: 0257 2229962. JAMMU : IDBI Bank Ltd., IDBI Ltd, Office Block No O.B.26, Grid Bhavan 1st Floor, Rail Head Complex, Jammu Pin : 180012, Jammu & Kashmir, Tel: (0191)-2474337. JAMSHEDPUR : IDBI Bank Ltd., Shantiniketan, Sakchi Boulevard Road, Bistupur,Jamshedpur Pin : 831001, Jharkhand, Tel: +91 (657) 425-452. KAKINADA : IDBI Bank Ltd., R K Electrical Works, Door No 43-1-28, Main Road Kakinada Pin : 533001, Tel: (0884)-2345602. KANPUR : IDBI Bank Ltd., Jeevan Vikas, MG Road, Near Statue Junction, Kanpur Pin : 208001, Uttar Pradesh, Tel: (0512)-2305437. KOLKATA : IDBI Bank Ltd., 44, Shakespeare Sarani, PB No 16102, Kolkata Pin : 700017, West Bengal, Tel: (033)66338866. KOTTAYAM : IDBI Bank Ltd., Thekkekarayan Towers, Muttambalam Post, Kanjikuzhy, Kottayam Pin: 686004, Kerala, Tel: +91 (481) 2573-112. LUCKNOW : IDBI Bank Ltd., UPCB Bldg., 2 MG Road, Lucknow, Pin:226001, Tel: (0522)-2619915. LUDHIANA : IDBI Bank Ltd., SCO 126-128, Kalinga towers, Feroze Gandhi Market, Ludhiana Pin : 141001, Tel: (0161) 2412105. MADURAI : IDBI Bank Ltd, 1/1, Karthik Raja Complex, Vinayaga Nagar, KK Nagar, Madurai Pin : 625020, Tamil Nadu, Tel: (0452)-4391499. MANGALORE : IDBI Bank Ltd., Metalco Plaza, Highland Road, Falnir, Kankanady, Mangalore Pin : 575001, Karnataka, Tel: (0824)-2431000.MORADABAD : IDBI Bank Ltd., Delhi Road, Majhola Chowk, Opp.Dharamkanta, Moradabad Pin : 244001, Uttar Pradesh, Tel: (0591)-2485917. MUMBAI- NARIMAN POINT : IDBI Bank Ltd., Mittal Tower, ‘C’ Wing, Ground Floor, Nariman Point, Mumbai-400021, Maharashtra, Tel: +91 (22) 66588111. MYSORE : IDBI Bank Ltd., Anand Archade, MIG- 11, V.M. Double Road, Saraswathipuram, Kuvempunagar, Mysore Pin : 570009, Karnataka, Tel: 0821-2545424. NADIAD : IDBI Bank Ltd., Shop No 1 & 2, Ground Floor, ISKON ARCADE, College Road,Nadiad, Gujarat, Tel: 0268 2520183. NANDED : IDBI Bank Ltd., Lahoti Complex, Near Parbhat Talkies, Vazirabad P B 24, Nanded, Nanded Pin : 431601, Maharashtra, Tel: 02462-234673. NASHIK : IDBI Bank Ltd., A-1& 2 “Prathamesh”, Thatte Nagar, Gangapur Road, Nashik Pin : 422005, Maharashtra, Tel: 0253- 2317001 / 5627001. NAVSARI : IDBI Bank Ltd., ‘G-1, Hare Krishna Complex, Chimnabai Road, Near Vasant Talkies, Navsari Pin : 396445, Gujarat, Tel: (02637)- 233462/250621. NELLORE : IDBI Bank Ltd., 16-1-655, Ground Floor, L.R.Shine, Jawaharlal Nehru Road, VRC Centre, Nellore Pin : 524001, Andhra Pradesh, Tel: 0861-2341542/43/44. NEW DELHI -K.G.MARG : IDBI Bank Ltd, Surya Kiran Building, Ground Floor, 19 K G Marg, New Delhi Pin : 110001, Delhi (UT - NCT), Tel: (011)-23358290. NEW DELHI- SIRI FORT : IDBI Bank Ltd, Sat Pual Mittal Centre, 1/6, Siri Fort Institutional Area, Khel Gaon Marg, New Delhi Pin : 110049, Delhi (UT - NCT), Tel: (011) 26497104. PATNA : IDBI Bank Ltd., Kashi Palace Complex, Dak Bungalow Road, Opposite Heera Palace, PatnaPin : 800001, Bihar, Tel: (0612)-6510293. RAIPUR : IDBI Bank Ltd., Singhania House, Civil lines, Opp Museum, Raipur Pin : 492001, Chhattisgarh, Tel: (0771)-4044972. RANCHI : IDBI Bank Ltd., 715, Kataruka House, Near Sartaj Hotel, Main Road, Ranchi Pin : 834001, Jharkhand, Tel: (0651) 2202197. SALEM : IDBI Bank Ltd., K.T.Towers, Ground Floor, No. 111, Omallur Main Road, Four Road, Salem, Salem Pin : 636007, Tamil Nadu, Tel: 0427-2411500/600. SATARA : IDBI Bank Ltd., 218, Pratapganj Peth, Veer Sawarkar Marg, Satara City, SataraPin : 415002, Satara Pin : 415002, Tel: 02162 280526, 280527. SHILLONG : IDBI Bank Ltd., Plot No.4, Opposite M.T.C. Building, Jail Road, Police Bazar, Shillong Pin : 793003. Meghalaya, Tel: (0364)-2224632. SHIMLA : IDBI Bank Ltd., Jeevan Jyoti, Lala Lajpatrai Chowk, The Mall, P B No. 52, Shimla Pin : 171001, Himachal Pradesh, Tel: +91-(0177) 2658999. SURAT : IDBI Bank Ltd., ESS EN House, Ghod Dod Road, Surat Pin : 395001, Gujarat, Tel: (0261)-6540385. UDAIPUR : IDBI Bank ltd, Mumal Towers, 16 Saheli Marg. Udaipur Pin : 313001,Rajasthan, Tel: (0294)-5130622. VIJAYAWADA : IDBI Bank Ltd., BSR Plaza, Near Maris Stella College, Ring Road, Vijayawada Pin : 520008, Andhra Pradesh, Tel: (0866)-2496912/14.DHANALAKSHMI BANK LIMITEDAHMEDABAD: 3, Motilal Chambers, Income Tax Circle,, Near ‘Sales India’,Ashram Road, 143- Ahmedabad, Ahmedabad Dist, Gujarat-380 009 Tel: 079 64502690, 64502692, 64502694. CHENNAI: P.b.no.359, 104 & 107,Om Sakthi Towers, Mount Road,, Anna Salai, Chennai, Tamil Nadu-600 002 Tel: 044 64530595, 64530587, 64530580. ERNAKULAM-COCHIN: 32/2383, Kmm Building, Opposite KSEB, S N Junction, 38- Palarivattom, Ernakulam Dist, Kerala-682 025, Tel: 0484 0484-6453447, 6453441. KOLKATA: Ideal Plaza,, Ground Floor,,11/1, Sarat Bose Road, Mento Park, 154- Kolkata, West Bengal-700 020, Tel: 033 22815100. MUMBAI: Ground Floor,Janmabhoomi Bhavan,Plot 11-12, Janmabhoomi Marg, 144- Fort, Mumbai, Maharashtra-400 001 Tel: 022 22871658, 22022943. NEW DELHI: 16/15, W.E.A., J.S.Plaza, Arya Samaj Road, Karol Bagh, New Delhi-110 005, Tel: 011 64508887, 64507036, 64506070, 64509992, 64505419, 64508708. PUNE: Ground & 1st Floor, Radiant Arcade, M.G. Road, (East Street), Pune. Tel: 20 6400105, 6400106. TRICHY: B 35, Sastri Road,Thillainagar, Thiruchirappalli, Tamil Nadu-620 018, Tel: 0431 6450991, 6450992, 6451476. TRIVENDRUM: Dhanlaxmi Bank, P.B.No 5067, Karimpanal Arcade, 57- Fort, Thiruvananthapuram, Kerala-695 023, Tel: 0471 6451227, 6451244, 6451071, 6451079, 6451093, 6451295.INDUSIND BANK LIMITEDAHMEDABAD : World Business House, M. G. RoadNr. Parimal Garden, Ellis BridgeAhmedabad - 380 015, M - 09925221124. CHENNAI : No.3 Village Road NungambakkamChennai - 600 034, M-09003127521. GURGAON : First India Place,Block A, Sushant Lok Phase-1, Gr.Flor, Tower B, Gurgaon 122002, M-09899288617/ 0124-6462117. HYDERABAD : 40/581, S.V.Complex, R. S. RoadKurnool - 518004, M-9652666615. KOLKATA : Megacity Chambers, 1 India Exchange PlaceGround Floor, Kolkata 700 001, M-9836072472. MUMBAI: PremisesNo. 1, Sonawala Building 57, Mumbai Samachar Marg, Fort, Mumbai 400 001, M-09821147300/022-66366593. Mamta House, 231, S.V.Road, Bandra (West), Mumbai- 400 050, M-09930010293, 26458320/22. Shop No.5, Between A&B Wing, Kamala Nagar, M.G.Road, Kandivali (W), Mumbai – 400 067, M: 09833425423/022-28022079/80. NEW DELHI : Dr. Gopal Das Bhawan28, Barakhamba Road, New Delhi - 110 001., M-09873177751/011-23738407.ING VYSYA BANK LIMITEDBANGALORE: 22 Ground Floor Ing Vysya House M.g.road Bangalore-560 001. BHUBANESHWAR: 25A Janpath,Kharvel Nagar,Unit-III Bhubaneswar-751001. CHANDIGARH: SCO 70-71 Ground Floor Sector-8C Madhya Marg Chandigarh-160 018. CHENNAI: 185 Anna Salai Near TVS Chennai-600 006. INDORE: 7/1 K.K. Bapna Arceda Dr. Roshan Singh Bhandari Marg Savrkar Circle Narayan Kothi Indore-452 001. JAIPUR: E-74 Bhagat Singh Marg C-scheme Jaipur-302 001. KAKINADA: 26-1-4/1 Opp. Satyanarayana Swamy Temple StreetKakinada-533 001. KOLKATA: 4/1 Middleton Street Sikkim House Kolkata-700 071. MUMBAI: Mittal Towers A-wing Ground Floor 210 Nariman Point Mumbai-400 021. NEW DELHI: Narian Manzil Ground Floor Shop No. G1 To G5 I Floor Shop No.1001 To 1007 Barakhamba Road New Delhi -110 001. PUNE: 928 Mantri Centre F.C. Road Pune-411 004. SURAT: Surya Plaza, Ground Floor, B/S Gujarat Samachar Bhavan, Near Udhana Darwaja, Ring Road, Surat-395002.Court, 22, Vijaya Raghava Road, T Nagar, Chennai 600 017, Tel: 044-28155967/28153658. Karvy Stock Broking Ltd, Sundar Krishnaplaza, 3rd Floor, No.8, Luckmodoss Street, Sowcarpet, Chennai 600 003, Tel: 044-42051557/1471/1412. Karvy Stock Broking Ltd, F-7 & 8, 3rd Floor, Mahbubani Towers, No. 48, Dr. D N Road, T. Nagar, Chennai 600 017, Tel: 044-42076808/09/30/42067836/31. Karvy Stock Broking Ltd, No. 7, Sriperambadur Road, Thiruvallur, Thiruvallur 602 002, Tel: 044-27640552. Karvy Stock Broking Ltd, Doshi Gardens, Shop No.10,2nd Floor D-block No. 174 N.s.k Salai, Chennai 600 026, Tel: 044-42013425/27 42013002/42048307. Coimbatore-Sai Baba Colony: Karvy Stock Broking Ltd, Ground Floor, 29/1, Chinthamani Nagar, N S R Road, Sai Baba Colony, Coimbatore 641 011, Tel: 0422-2452161/162/163. Karvy Stock Broking Ltd, “Jaya Enclave” 1057/1508, Avanashi Road, Coimbatore 641 018, Tel: 0422-4291000 – 30. DEHRADUN: Karvy Stock Broking Ltd, 48/49, Patel Market, Opp: Punjab Jewellers, Near Gandhi Park, Rajpur Road, Dehradun 248 001, Tel: 0135-2713351/2714046 . Karvy Stock Broking Ltd, Kaulagarh Road, Near Sirmour Marg, Dehradun 248 001, Tel: 0135-2754334, 2754336. DURGAPUR: Karvy Stock Broking Ltd, Old Dutta Automobile Building, 1st Floor, Benachity, Malancha Road, Durgapur 713 213, Tel: 0343-2586375 To 77. GANDHIDHAM: Karvy Stock Broking Ltd, 14, Komal Complex, Plot No 305, Near Shivaji Park, Sector 12-b, Gandhidham 370 201, Tel: 02836-228640/30. GHAZIABAD: Karvy Stock Broking Ltd, 1st Floor, C-7, Lohia Nagar , Ghaziabad 201 001, Tel: 0120-2701886/2701891/2700594. GORAKHPUR: Karvy Stock Broking Ltd, Above V.i.p. House, Adjacent, A.d. Girls College, Bank Road, Gorakpur 273 001, Tel: 0551-2346519/2333825/2333814/5513297816/17/19. GURGAON: Karvy Stock Broking Ltd, Shop No 18, Near Huda Office, Ground Floor, Opp. Akd Office, Sec.14, Old Delhi Road, Near Madras Restaurant, Gurgaon 122 001, Tel: 0124-4086419/3243535. GUWAHATI : Karvy Stock Broking Ltd, 2nd Floor, Ram Kumar Plaza, Chatribari Road, Near Himatshinga Petrol Pump, Guwahati 781 001, Tel: 0361-2608016/8102/8122. GWALIOR : Karvy Stock Broking Ltd, Near Nadigate Pul, Mlb Road, Shinde Ki Chawani, Gwalior 474 001, Tel: 0751-4069001, 4069002. Karvy Stock Broking Ltd, 52, Mayur Market, First Floor, Near Petrol Pump, Thatipur, Gandhi Road, Gwalior 474 001, Tel: 0751-2340200/0751-2340201. HISSAR: Karvy Stock Broking Ltd, Sco 17 Red Square Market, 1st Floor, Hissar 125 001, Tel: 01662-225868 (D)/225845/836. HUBLI: Karvy Stock Broking Ltd, Giriraja House, No.451/B, Ward No.1, Club Road, Hubli 580 029, Tel: 0836-2353962, 2353974,2353975. Karvy Stock Broking Ltd, No. G-7 & 8 Sri Bhanashankari Avenue, Ramnagara, Dharwad 580 001, Tel: 0836-2744207/2744208. HYDERABAD : Karvy Stock Broking Ltd, 15-6-464/470, 1st Floor, Salasar Complex, (Near Fish Market), Begum Bazar, Hyderabad 500 012, Tel: 040-23433100. Karvy Stock Broking Ltd, 1st Floor, Plot No.2, 1-1-128/B, Chanda Nagar, Serilingampally, Near Bhel, Hyderabad 500 050, Tel: 040-23030028, 23030029, 23433126/132. Karvy Stock Broking Ltd, Vijetha Golden Empire, Flat No. 103, First Floor, H No.16-11-762/762B & C, Beside Anadal Nilayam, Moosarambagh, Hyderabad 500 036, Tel: 040-23433116/117/135 134/136. Karvy Stock Broking Ltd, 3-5-890, Paras Chambers, Plot No.14-15, Ground Floor, Himayat Nagar, Hyderabad 500 029, Tel: 040-23388771, 23388772. Karvy Stock Broking Ltd, Sai Vikram Towers, 1st Floor, Kukatpally Main Road, Near Kukatpally Bus Stop, Kukatpally, Hyderabad 500 072, Tel: 040-23433137/119. Karvy Stock Broking Ltd, Building No.160 (Part), Opp: Mayfair Complex, Rasoolpura, S P Road, Secunderabad 500 003,Tel: 040-23433110 To 15. Karvy Stock Broking Ltd, 21 , Avenue 4, Street No.1, Banjara Hills, Hyderabad 500 034, Tel: 040-23312454/23320251. Karvy Stock Broking Ltd, Block No 176, Opp. Chola Residency, Old Vasavi Nagar, Kharkana, Secunderabad 500 016, Tel: 040-23433166 -169 . INDORE: Karvy Stock Broking Ltd, 105, 106 & 107,D M Towers, 21/1, Race Cource Road, Near Janjeerwala Chowrah, Indore 452 001, Tel: 0731-3014200-19. JABALPUR: Karvy Stock Broking Ltd, Arun Grover & Associates, Naya Bazar, First Floor Opp ShyamTalkies, Jabalpur 482 001, Tel: 0761-2312009. JAIPUR: Karvy Stock Broking Ltd, S-16/A, Land Mark, 3rd Floor, Opp Jai Club, Mahaveer Marg, C Scheme, Jaipur 302 001, Tel: 0141-2378703/604/605/2363321. JALANDHAR: Karvy Stock Broking Ltd, Prime Tower, Lower Ground Floor Off.no.3, Plot No 28, G T Road, Jalandhar 144 001, Tel: 0181-4634401-14. JALGOAN: Karvy Stock Broking Ltd, Laxminarayan Plaza, 148, Navipeth, Opp. Vijaya Bank, Jalgoan 425 001, Tel: 0257-2227432/2223671/2237431/2226761. JAMMU: Karvy Stock BrokingLtd, 1st Floor, 29 D/C, Near Services Selection Board, Gandhinagar, Jammu 180 004, Tel: 0191-9906297556,9906296948 & 9906296475 . JAMNAGAR: Karvy Stock Broking Ltd, G-12 & 108 Madhav Plaza, Opp: Sbs Bank, Near Lal Bungalow, Jamnagar 361 001, Tel: 0288-2556520/2556260/2556420. JAMSHEDPUR: Karvy Stock Broking Ltd, 2nd Floor, Kanchan Towers, 3 Sb Shop Area, Main Road, Bistupur, Jamshedpur 831 001, Tel: 0657-2487020, 2487045, 2487048. JHANSI: Karvy Stock Broking Ltd, 371/01, Narayana Plaza, Jeevan ShahCrossing, Opp Telephone Exchange, Gwalior Road, Jhansi 284 003, Tel: 0517-2333682-85, 2332141. JODHPUR : Karvy Stock Broking Ltd, 203, Modi Arcade, Chopasni Road, Jodhpur 342 001, Tel: 0291-5103026/5103046. JUNAGADH: Karvy Stock Broking Ltd, 124-125, Punit Shopping Centre, M G Road, Ranavav Chowk, Junagadh 362 001, Tel: 0285-2624140/2624154. KAKINADA: Karvy Stock Broking Ltd, 13-1-46, I Floor, Sri Deepthi Towers, Icici Bank Complex, Main Road, Kakinada 533 001, Tel: 0884-2387382/2387383/2387381/3293518.KANNUR: Karvy Stock Broking Ltd, Ii Floor, Prabhat Road, Fort Road, Kannur 670 141, Tel: 0460-27681120/1130. Karvy Stock Broking Ltd, 15/46, Civil Lines, Near Muir Mills, Stock Exchange Road, Kanpur 208 001, Tel: 0512-2330127, 2331445, 2333395,96. Karvy Stock Broking Ltd, 81/4, Block No. 9, Govindnagar, Kanpur 208 006, Tel: 0512-329600. KOCHI: Karvy Stock Broking Ltd, G 39, Panampilly Nagar, Kochi 682 036, Tel: 0484-2310884 (D)/2322152/2312098/2320431. Karvy Stock Broking Ltd, Room No Xix/135 (16) 1st Floor, “Noor Point”,Opp. Federal Towers, Bank Junction, Aluva 683 101, Tel: 0484-3202627/637/3204811/2629691. Karvy Stock Broking Ltd, 7/462, B 5trans Avenue, Near Ekm Dist Coop Bank Head Quarters , Kakanad, Ernakulam 682 030, Tel: 0484-2423191/3949087. Karvy Stock Broking Ltd, D. No. 6/0290, Opp: Hazi Essa School, Gujarathi Road, Mattancherry 682 002, Tel: 0484-2211229/2211225/2223243 . Karvy Stock Broking Ltd, 1st Floor, Pindys Complex, Xx/773, Market Junction, Tripunithura 682 301, Tel: 0484-2777330/3571041. KOLHAPUR: Karvy StockBroking Ltd, Omkar Plaza” Shop No. F2 & F4, 1st Floor, Rajaram Road, Near Icici Bank, Kolhapur 416 008, Tel: 0231-2520650, 2520655. KOLKATA-DALHOUSIE: Karvy Stock Broking Ltd, 19, R N Mukherjee Road, 2nd Floor, Dalhousie 700 001, Tel: 033-22437863-69/90/89/22303375. Karvy Stock Broking Ltd, 493/C/A, G T Road (S), Block G, 1st Floor, Howrah Maidan 711 101, Tel: 033-26382345/2535/26404213/26370547 . Karvy Stock Broking Ltd, 22N/1, Block A, New Alipore, Kolkata 700 053, Tel: 033-24576203-05/2407 0992/2445 0108. KarvyStock Broking Ltd, Ad-60, Sector-1, Salt Lake, Kolkata 700 064, Tel: 033-23210461-64/0587/23344140. Karvy Stock Broking Ltd, 49, Jatin Das Road, Near Deshpriya Park, Kolkata 700 029, Tel: 033-24634787-89/24647231/32/4891/24650308. Karvy Stock Broking Ltd, P-335, Cit Scheme No. Vi M, ~, Kolkata 700 054, Tel: 033-23648927 ; 23628486. KOTA: Karvy Stock Broking Ltd, 29, Shopping Centre, 1 Floor, Near Lala Lapatrai Circle, Kota 324 007, Tel: 0744-2365145/146/144. KOTTAYAM: Karvy Stock Broking Ltd, 1st Floor, Csi Ascension Square,Collectorate P.o, Kottayam 686 002, Tel: 0481-2302420-21. LUCKNOW : Karvy Stock Broking Ltd, K S M Tower, Cp 1, Sinder Dump, Alambagh, Lucknow 226 005, Tel: 0522-2453168/158/176. Karvy Stock Broking Ltd, Hig 67, Sector E, Aliganj, Lucknow 226 016, Tel: 0522-2329419, 2329938/39. Karvy Stock Broking Ltd, 24, Usha Sadan, Prem Nagar, Ashok Marg, Lucknow 226 001, Tel: 0522-3213183. Karvy Stock Broking Ltd, Tej Krishan Plaza, 313/9, Khun Khunji Road, Chowk, Lucknow 226 003, Tel: 0522-2258454/455/456. Karvy Stock BrokingLtd, Shivani Plaza, Khunkhunji Plaza, 2/54, Vijay Khand, Gomtinagar, Lucknow 226 010, Tel: 0522-2391664/65/2391280. Karvy Stock Broking Ltd, 94, Mahatma Gandhi Marg, Opp: Governor House, Hazratganj, Lucknow 226 001, Tel: 0522-2236819-28, 3817001 (Rim). LUDHIANA : Karvy Stock Broking Ltd, Ground Floor, Sco -3, Feroze Gandhi Market, Ludhiana 141 001, Tel: 0161-4680050 To 4680062 And 4680080. MADURAI : Karvy Stock Broking Ltd, 274, Goods Shed Street, ~, Madurai 625 001, Tel: 0452-2350855 (D)/2350852-854 . MADURAI: Karvy Stock Broking Ltd, Rakesh Towers, Opp Murugappa Motors, No.30, By Pass Road, Madurai 625 010, Tel: 0452-2600851-855. Karvy Stock Broking Ltd, Plot No 654-80 Feet Road, Next To Lakshmi Arasu Kalyana Mandapam, K K Nagar, Madurai 625 020, Tel: 0452-5391700/600/2523109/2530731. MANGALORE: Karvy Stock Broking Ltd, Mahendra Arcade, Ground Floor, No.4-6-577/21/22, Kodial Bail, Mangalore 575 003, Tel: 0824-2492302, 2496332, 2492901. MEERUT: Karvy Stock Broking Ltd, 1st Floor, Medi Centre, Opp Eves Centre,Hapur Road Near Bachha Park, Meerut 250 002, Tel: 0121-2520068. MEHSANA: Karvy Stock Broking Ltd, Ul 47, Apollo Enclave, Opp Simdhear Temple, Modhera Cross Road , Mehsana 384002, Tel: 2762-242950. MORADABAD: Karvy Stock Broking Ltd, Om Arcade, First Floor, Parkar Road, Above Syndicate Bank, Taari Khana Chowk, Moradabad 244 001, Tel: 0591-2310470, 2320470. MUMBAI : Karvy Stock Broking Ltd, 26/30, Fort Foundation Building, Nagindas Master Lane Extn, Opp Msc Bank, Fort Mumbai, Mumbai 400 001, Tel: 022-22062077,2087, 2051, 2023. Karvy Stock Broking Ltd, 29, Patel Shopping Centre, Wst Floor, Opp. Foodland Restaurant Sainath Road, Malad (West), Mumbai 400 064, Tel: 022-28824241/28828281/28895159/28891077. Karvy Stock Broking Ltd, B-153, Vashi Plaza, Sector 17, Vashi, Navi Mumbai 400 705, Tel: 022-67912087, 67912168, 67912169. Karvy Stock Broking Ltd, 7, Andheri Industrial Estate, Off: Veera Desai Road, Andheri (West) 400 053, Tel: 022-26730799/843/311/867/153/292. Karvy Stock Broking Ltd, 7&8, Eric House, Ground Floor, 16th Road,Chembur Gymkhana Road, Near Ambedkar Garden, Chembur, Mumbai 400 071, Tel: 022-25209335, 25209336, 25209337, 25209338. Karvy Stock Broking Ltd, 101 Sapna Building, Above Idbi Bank, S K Bhole Marg, Dadar West, Mumbai 400 028, Tel: 022-24329763, 24322158, 24324378, 24329738, 24324662. Karvy Stock Broking Ltd, 16/26, 16/22, Transworld, Maharashtra Chambers Of, Commerce Lane, Opp Mcs Bank, Fort, Mumbai 400 023, Tel: 022-22819709-11/22819721-24/66331134/22021705/22021706. Karvy Stock Broking Ltd, 115,Arun Chambers, 1st Floor, Next To A/C Market, Tardeo, Mumbai 400 034, Tel: 022-66607042/66607043. Karvy Stock Broking Ltd, 103, 1st Floor, Jeevan Chaya Bldg., Ram Maruti Road, Naupada , Thane (West) 400 602, Tel: 022-25446124/25446121. MYSORE: Karvy Stock Broking Ltd, L-350, Silver Tower, 1st Floor, Ashoka Road, Opp: Clock Tower, Mysore 570 001, Tel: 0821-2524292, 2524294. NADIAD: Karvy Stock Broking Ltd, 104-105, City Point, Near Paras Cinema, Nadiad 387 001, Tel: 0268-2563210/2563245/2563248. NAGPUR : KarvyStock Broking Ltd, 230-231, 3rd Floor, Shriram Shyam Towers, Next To Niit Building, Sardar, Kingsway, Nagpur 440 001, Tel: 0712-6614146/6614145. NANDED: Karvy Stock Broking Ltd, Shop No.1, 2, 3 & 4, First Floor, Opp: Bank Of India, Santkrupa Market, Gurudwara Road, Nanded 431 602, Tel: 02462-325885, 247885. NASIK: Karvy Stock Broking Ltd, F1, Suyojit Sankul Sharanpur Road, Near Rajiv Gandhi Bhavan, Nasik 422 002, Tel: 0253-2577811/5602542 . NAVSARI: Karvy Stock Broking Ltd, 1st Floor, Chinmay Arcade, Opp: Sattapir, SayajiRoad, Navsari 396 445, Tel: 02637-280362, 280363, 280364. NEW DELHI : Karvy Stock Broking Ltd, 110-112, First Floor, Suneja Tower I, Janak Puri District Centre, New Delhi 110 058, Tel: 011-41588242/41511403/25547637. Karvy Stock Broking Ltd, 23, Shivaji Marg, Motinagar, New Delhi 110 015, Tel: 011-45436371/41428630/41428562/259288505. Karvy Stock Broking Ltd, 301, Vishal Bhavan, 95, Nehru Place, New Delhi 110 019, Tel: 011-26447065/26447066/41617868. Karvy Stock Broking Ltd, 103, Savithri Sadan-I, 11, Community Centre,Preet Vihar, New Delhi 110 092, Tel: 011-22460978/22460952/22460940. Karvy Stock Broking Ltd, 402, 4th Floor, Vikrant Tower, Rajendra Place, New Delhi 110 008, Tel: 011-41539961/41539962/41539964. Karvy Stock Broking Ltd, 104, 1st Floor, Nanda Devi Towers, Prashanth Vihar, Central Market, New Delhi 110 085, Tel: 011-27864193/27864281/27864377. Karvy Stock Broking Ltd, 103, 1st Floor, C.S.C. Sector-b, Pocket 8&9, Opp G D Goenka Public School, Vasant Kunj, New Delhi 110 070, Tel: 011-41787159/41787160/41787156. Karvy StockBroking Ltd, G-29, Ansal Chambers-1, Bhikaji Cama Place, New Delhi 110 066, Tel: 011-41659719/47659722/41659723 . Karvy Stock Broking Ltd, 105-108, Arunachal Building, 19, Barakhamba Road, Connaught Place, New Delhi 110 001, Tel: 011-23324401/23324409/43509200. Karvy Stock Broking Ltd, B 2 Dd A Market, Shop No 50, First Floor, Paschim Vihar, New Delhi 110 063, Tel: 011-25263901/25263903/42321024. NOIDA : Karvy Stock Broking Ltd, 307, Jaipuria Plaza, D-68a, 2nd Floor, (Opp Delhi Public School) Sector 26, Noida 201 301,Tel: 0120-2539271, 2539272. PANIPATH: Karvy Stock Broking Ltd, 1st Floor, Krishna Tower, Above Amertex G T Road, Panipath 132 103, Tel: 0180-2644308/2644376. PANJIM: Karvy Stock Broking Ltd, No.7 & 8, El. Dorado Plaza, Heliodoro Salgado Road, Panjim, Panjim 403 001, Tel: 0832-2426870, 2426871, 2426872. PATIALA: Karvy Stock Broking Ltd, Sco 27 D, Chhoti Baradari, ~, Patiala 147 001, Tel: 0175-5051726/27/28. PATNA: Karvy Stock Broking Ltd, Anand Tower, 2nd Floor, Exhibition Road, Near Republic Hotel, Opp: Mithila Motors,Patna 800 001, Tel: 0612-2321354/55/56/57. PONDICHERRY : Karvy Stock Broking Ltd, First Floor, No.7, Thiayagaraja Street, Pondicherry 605 001, Tel: 0413-2220636/2220640/2220633/2220644 . Pune: Karvy Stock Broking Ltd, Off.no.6, 3rd Floor, Rachana Trade Estate, Law College Road, Sndt Circle, Cts No.105, Erandwane, Pune 411 033, Tel: 020-66048790 (5 Lines)/91/92/93. Karvy Stock Broking Ltd, Rameera Towers, 130/24,Pimprichinchwad, New Township Road, Tilak Road, Nigidi, Pune 411 044, Tel: 020-27659116/115. Karvy Stock BrokingLtd, Shop No 2, Ground Floor, Sacred Heart Township, Wanowarie, Pune 411 040, Tel: 020-56610451/56610452/56610453/26850842. RAIPUR: Karvy Stock Broking Ltd, 02& 03, Lower Level, Millennium Plaza, Ground Floor, Behind Indian Coffee House, G E Road, Raipur 492 001, Tel: 0771-2236694-96, 6450194. RAJKOT: Karvy Stock Broking Ltd, 102-103, Siddhi Vinayak Complex, Yagnik Road, Rajkot 360 001, Tel: 0281-3291043, 3291042, 2239338. RANCHI: Karvy Stock Broking Ltd, “Commerce Towers”, 3rd Floor, Beside Mahabir TowersMain Road, Ranchi 834 001, Tel: 0651-2330386, 2330394, 2330320. SALEM: Karvy Stock Broking Ltd, 40, Brindavan Road, Near Perumal Koil, Fair Lands, Salem 636 016, Tel: 0427-2335700/2335705/2335701-704 . Karvy Stock Broking Ltd, First Floor, Old 17, New 49, 50 Fort Main Road, Salem 636 002, Tel: 0427-2210835/836/983. SHILLONG: Karvy Stock Broking Ltd, Mani Bhawan Annexe, Ground Floor, Opp. R K M Elp School, Lower Police Bazar, Shillong 739 001, Tel: 0364-2224175/4186/8172. SHIMLA: Karvy Stock Broking Ltd, TriveniBuilding, By Pass Chowk, Khallini, Shimla 171 002, Tel: 0177-2624453. SILIGURI: Karvy Stock Broking Ltd, Nanak Complex, 2nd Floor, Sevoke Road, Siliguri 734 001, Tel: 0353-2526393, 2526394, 2526395, 2526396, 2526397, 2526399. SURAT : Karvy Stock Broking Ltd, Gf-16, Empire State Building, Nr.udhana Darwaja, Ring Road, Surat 395 002, Tel: 0261-3017151-160. TRICHY: Karvy Stock Broking Ltd, Sri Krishna Arcade, 1st Floor, No.60, Thennur High Road, Thennur, Trichy 621 017, Tel: 0431-2791322/2798200/2793799/2793800 2791000. TRIVANDRUM: Karvy Stock Broking Ltd, 2nd Floor, Akshaya Towers, Sasthamangalam, Trivandrum 695 010, Tel: 0471-2725987, 2725989-991. UDAIPUR: Karvy Stock Broking Ltd, 201-202, Madhav Chambers, Opp.gpo, Madhuban Chetak Circle, Udaipur 313 001, Tel: 0294-5101601/602/603. VADODARA : Karvy Stock Broking Ltd, Ff-4, Shital Plaza, Uday Nagar Soc, Ajwa Road, Vadodara 390 019, Tel: 0265-3240417, 2510318. Karvy Stock Broking Ltd, C-1/2/3, Jalanand Township, Nr. Undera Jakat Naka, Gorwa, Vadodara 390 016, Tel: 0265-3259060, 3240300. Karvy Stock Broking Ltd, SB 3, Amrapaali Complex, Near Muktanand, Water Tank Road, Karelibaug 390 018, Tel: 0265-3950628, 3951011. Karvy Stock Broking Ltd, FF11-12, Rutukalash , Tulasidham Char Rasta, Manjalpur, Vadodara 390 011, Tel: 0265-9725055783/9725010695/96. Karvy Stock Broking Ltd, GF-11/12, Alian Complex, Nr Devdeep Complex, Nizampura, Vadodara 390 002, Tel: 0265-3209888/9725395222/9725396222. Karvy Stock Broking Ltd, T-2, 3rd Floor “Savoy” Complex, Haribhakti Extn, Opp. Abs Tower, OldPadra Road, Vadodara 390 007, Tel: 0265-6456183/6456186/6456187. Karvy Stock Broking Ltd, 38, Payal Complex, Near Vadodara Stock Exch, Sayajigunj, Vadodara 390 005, Tel: 0265-2225168/169, 2361514/2225220. Karvy Stock Broking Ltd, FF4, Chanakya Complex, High Tension Char Rasta, Subhanpura, Vadodara 390 007, Tel: 0265-3259056, 3244634. VAPI: Karvy Stock Broking Ltd, Shop No.5, Bhikhaji Regency, Opp: DCB Bank, Vapi-silvassa Road, Vapi 396 195, Tel: 0260-3206404. 3205955, 3293480. 2423218. VIJAYAWADA: KarvyStock Broking Ltd, 39-10-7, Opp: Municipal Water Tank, Labbipet, Vijayawada 520 010, Tel: 0866-2495200/400/500/600/700/800. Karvy Stock Broking Ltd, 11-1-25, Gmr Plaza, First Floor,BRP Road, Vijayawada 520 001, Tel: 0866-2565536/38. VISHAKAPATNAM: Karvy Stock Broking Ltd, 47-14-4, Eswar Paradise, Dwaraka Nagar Main Road, Vishakapatnam 530 016, Tel: 0891-2752915 To 18 . Karvy Stock Broking Ltd, D. No.180/129, Jhaala Complex, A.V.K.college Bldg., Beside UTI Bank, Old Gajuwaka 530 026, Tel: 0891-2511685, 25116862,2511681.KOTAK SECURITIES LIMITEDAGRA: Kotak Securities Limited., 2/220, Glory Plaza, Suer Sadan Crossing, M.G Rd.P:5538760; AHMEDABAD: Kotak Securities Limited., 207, 2nd Flr, Sakar-II, Ellisbridge Corner, Ashram Rd.P:26587276; Kotak Securities Limited., 201/A, Amruta Arcade, Nr Maninagar, Char Rasta, Nr Rasna Restaurant, Maninagar; Kotak Securities Limited., B/104, 1st Flr, Premium House, Opp Gandhigram Rly Stn.P:26579567; Kotak Securities Limited., B-46, Kamdhenu Complex, Opp.Sahajanand College, Panjara Pole, Ambawadi.P:26308035; ALLAHABAD:Kotak Securities Limited., M-4, Mezzanine Flr, LDA Center, 2, Sardar Patel Marg, Civil Line.P:2561451; AMRITSAR: Kotak Securities Limited., Unit No.FUF-7, Central Mall, 32, Mall Rd; ANAND: Kotak Securities Limited., 3rd Flr, “Sanket”, Near Grid.P:2573311; AURANGABAD: Kotak Securities Limited., Kandi Tower, CTC No 12995, Jalna Rd.P:9923798392; BANGALORE: Kotak Securities Limited., # 68/150/4,9TH Main Rd, Jayanagar 3rd Block,Opp Cradle Hospital. P: 66371800; Kotak Securities Limited., ‘Umiya Landmark’–II Flr., No:10/7 -LavelleRd.P: 66203601; Kotak Securities Limited., 420, Bluemoon Icon, 20th Main, 6th Cross, 6th Block, Koramangala.P:51308031; Kotak Securities Limited., no 201, soundrya sampige complex, Sampige Rd, No 412, 8th Cross, Malleswaram. Ph: 9900133758; Kotak Securities Limited., No 119, 2nd Flr, Radhakrishna Sadana, Gandhi Bazar, Main Rd.P:55128515; Kotak Securities Limited., No.173, 6th cross, 2nd Flr,Above Central Bank of India; Kotak Securities Limited., No.487/1- C M H Rd, Above Indian Overseas Bank, Indra Nagar-1 St Stage, P: 9833283543;BELGAUM: Kotak Securities Limited., 3rd Flr, Takke Bldg, Club Rd.P: 5206654; BHARUCH: Kotak Securities Limited., 235-236, Harihar Complex, Zadeshwar Rd.P:570569; BHILAI: Kotak Securities Limited., ROOM NO -1, 2nd FLR, CHOUHAN ESTATE, G.E.RD, SUPELA, Tel : 6450460.BHOPAL: Kotak Securities Limited., Third Flr, Alankar Palace, 10-11, MP Nagar, Zone 2.P:5248133; BHUBANESHWAR: Kotak Securities Limited., Plot No – 24, 2nd Flr., SCR, Nr Bazaar Kolkata, Bapuji Nagar, Janpath.P: 2597871; CHANDIGARH: Kotak SecuritiesLimited., SCO-14-15, 2nd Flr, Madhya Marg, Sector-8C.P: 5065301; CHENNAI: Kotak Securities Limited., Door No 46, Sir C.P.Ramasamy Iyer Rd, Abhiramapuram, Alwarpet.P:24998368; Kotak Securities Limited., Door No.AC- 7, Second Avenue, Anna Nagar.P:26213279; Kotak Securities Limited., GRR Business Center, No.21, Vaidyaraman Street, T Nagar.P:24303100; Kotak Securities Limited., No.23, General Muthaiah Mudali Street, Sowcarpet.P:42763712; KOCHI: Kotak Securities Limited., 40/1400, 11th Flr, Ensign Enclave, Jos Junction, M.G.Rd.P: 2377386; COIMBATORE: Kotak Securities Limited., 1st Flr, Red rose chamber, 1437,Trichy Rd.P: 6699666; DEHRADUN: Kotak Securities Limited., 1st Flr, Swaraj Complex, 72, Rajpur Rd, Opp Hotel Madhuban.P: 2745870; DHANBAD: Kotak Securities Limited., Commerce House II, Sastri Nagar, Near ICICI Bank, Tel :3294319. GHAZIABAD: Kotak Securities Limited., Office No.8, Plot No. VC-1, Sector-3, Vaishali.P: 4563190; PANAJI: Kotak Securities Limited., 2ND Flr,Gurusai Plaza,Isidoria Baptista Rd,P: 6624833; GORAKHPUR: KotakSecurities Limited., 13-A,Mangalam Tower ; Civil Lines,Golghar ; GURGAON: Kotak Securities Limited., O-107, Shopping Mall, Arjun Nagar, DLF Phase-1.P: 5050551; GUWAHATI: Kotak Securities Limited., Akshay Tower , 4th Flr, Opp. Rupayan Arcade, Fancy Bazar, S.S. Rd.P: 2732243; HISSAR: Kotak Securities Limited., c/o Aashish AggarwalC/o TR Capital Ltd., First Flr, Ravee Arcade,95-97,Green Sqaure Market; HUBLI: Kotak Securities Limited., V A Kalburgi Complex, Ground Flr, Besides Vivekanand corner, Desai Cross,Deshpandenagar.P:2357512; HYDERABAD: Kotak Securities Limited., 9-1-777, 4th Flr, Beside ITC Bldg, S D Rd, (LANE Opp to DBR Diagnosis).P:65326394; INDORE: Kotak Securities Limited., 314, Citi Centre, 570, M.G. Rd.P:2537336; JABALPUR: Kotak Securities Limited., Jain Tower, 3rd Flr, Ruseel Chowk.P: 4085850; JAIPUR: Kotak Securities Limited., 305-308, 3rd Flr, Green House, O-15,Ashok Marg, C-Scheme; Kotak Securities Limited., Second Flr ; Shreenath Tower ; 46-47 Cosmo Colony ; Amrapali Marg ; Vaishali Nagar; JALLANDHAR:Kotak Securities Limited., 2nd Flr, 465, Lajpat Nagar Market; JAMMU: Kotak Securities Limited., 105 A, North Block, Bahu Plaza, Gandhi Nagar.P: 41033; JAMNAGAR: Kotak Securities Limited., 701, 5th Flr, City Point, Station Rd, Near Town Hall.P: 5540355; JAMSHEDPUR: Kotak Securities Limited., Bharat Business Centre, Ho No.2, 2nd Flr, Rm No. 8, Ram Mandir AreaBistupur.P:3090856; JODHPUR: Kotak Securities Limited., 1st Flr, Gulab Bhawan, Chopasani Rd.P: 5101956; KANPUR: Kotak Securities Limited., 312-315, 3rd Flr, 14/113, KanChambers, Civil Lines, Near UP Stock Exchange.P: 3018114; KOLKATTA: Kotak Securities Limited., Govind Bhavan, Ground Flr, 2, Biplabi Trilokya Maharaj Sarani(Brabourne Rd).P: 2235 8105; KOTA: Kotak Securities Limited., D-8 First Flr, Shri Ram Complex, Opposite Multipurpose School, Gumanpura; LUCKNOW: Kotak Securities Limited., 1-2 Ground Flr, Commerce House, Habibullah Estate,11 M.G. Marg.P:3950119; Kotak Securities Limited., B-56-A ; Third Flr ; Near Star House ; Vibhuti Khand ; Gomti Nagar; Kotak Securities Limited., A-1; Ashish Palace,Sector E,Aliganj, P: 3232285; LUDHIANA: Kotak Securities Limited., SCO-122, 2nd Flr, Firoz Gandhi Market.P: 5047214; MADURAI: Kotak Securities Limited., Shop A First Flr, KRV Arcade, AR PLAZA 16 & 17, North velli Street.P: 2341225; MANGALORE: Kotak Securities Limited., No.4, 3rd Flr, The Trade Centre, Jyoti Centre, Bunts Hostel Rd, Near Jyoti Circle.P: 424180; MEERUT: Kotak Securities Limited., NITESH KUMAR GUPTA,shop no.205, 2nd Flr,saraswati plaza;shivaji Rd;near n.a.s. college; Kotak Securities Limited., Saraswatiplaza;shivaji Rd;near n.a.s. college; Kotak Securities Limited., Shop No. G – 33 ; Ground Flr ; Ganga Plaza ; Begum Bridge Rd; MORADABAD: Kotak Securities Limited., 1st Flr, Pili Kothi, Avas Vikas Market, Civil Lines; MUMBAI: Kotak Securities Limited., 32, Gr Flr., Raja Bahadur Compound, Opp Bank of Maharashtra, Fort.P:22655074; MYSORE: Kotak Securities Limited., No: 646 - Kiran Mansion - 2 nd Flr, Above Reliance Fresh, Chamaraja Double Rd, Mysore: 570024, P: 4000861; NAGPUR: Kotak Securities Limited.,Plot no. 5, 3rd Flr, Lotus GorepethLayout WHC Rd , Dharampeth, P:. 6620278; NASHIK: Kotak Securities Limited., G-5, Suyojit Avdhoot Tower, Old Gangapur Naka, Gangapur Rd.P: 6609804; NEW DELHI: Kotak Securities Limited., U B – 30, Antriksh Bhawan, K. G. Marg.P: 66313131; NOIDA: Kotak Securities Limited, 2nd Flr, Above Kotak Mahindra Bank, G-31-32, Atta Market, Sector-18.P: 4606911 PATIALA: Kotak Securities Limited., SCO-131, Second Flr, Cabin No-S-10, Chhoti Bardari.P: 56069304; PATNA: Kotak Securities Limited., Office No.7, Twin Tower Hathwa, South GandhiMaidan.P: 2224620; PUNE: Kotak Securities Limited., 2nd Flr, Kumar Business Center,Bund Garden Rd,Opp. Bund Graden,P: 66066129; RAIPUR: Kotak securities Limited., Menzanine Fllor, Chawla Complex, Near Vanijya Bhawan,Devendra Nagar Rd, P: 251555; RAJKOT: Kotak Securities Limited., Nath Complex, 2nd Flr, Opp. Jilla Panchayat, Above Kotak Mahindra Bank, Yagnik Rd.P:2459436; RANCHI: Kotak Securities Limited., Shop no. 24 & 25, 2nd Flr, A.C. Market, G.E.L. Church Complex, Main Rd, P: 2200860. SALEM: Kotak SecuritiesLimited., 5/241, F Rathna Arcade Five Rd,Meyyanur.P: 2335476; SILIGURI: Kotak Securities Limited., Nanak Complex, 2nd Flr, Sevok Rd.P:2530322; SURAT: Kotak Securities Limited., Kotak House, K G Point, 1st Flr, Nr.Ganga Palace, Opp.IDBI Bank, Ghoddod Rd.P: 5532333; TRICHY: Kotak Securities Limited., C-56,1-24-4th cross, Thillai Nagar.P: 2750710; TRIVANDRUM: Kotak Securities Limited., Mahesh Estates, 2nd Flr, T L -15/1805, Vazhuthacadu.P: 2337423; UDAIPUR: Kotak Securities Limited., 222/12, Ist Flr, Mumal Towers, Saheli Marg.P:513901; VADODARA: Kotak Securities Limited., 216, Meghdhanush Complex, Race Course Rd (South).P: 2314455; VIJAYAWADA: Kotak Securities Limited., 40-1-48/1, Labbipet, M.G.Rd.P: 6649061; VISAKHAPATNAM: Kotak Securities Limited., Door No.47-10-15, VRC Complex , 2nd Flr, Railway Station Rd , Dwarka Nagar.P: 6642009.NJ INDIA INVEST PRIVATE LIMITEDAGRA: S-4, Part-1, 2nd Floor, Kailash Plaza, Shah, Market, M G Road, Agra- 282002, Tel: 0562 3277488. AHMEDABAD : 808, Samedh Building, Near Associated Petrol Pump, Panchvati,Cg Road, Ahmedabad 380006, Tel: 079-32955922. AJMER: 1st Floor, K.C. Complex, Near Sundaram Finance, Opp. Daulat Baug, Ajmer-305001, Tel: 0145-3236446. ALLAHABAD: Upper Ground Floor, Shop No. - 7, Vashishtha Vinayak Tower, Tashkant Marg, Near- Icici Bank, Civil Lines, Allahabad-211001. AMBALA: 1st Floor, Classic Complex, Nicholson Road,Ambala Cantt.-133001. AMRITSAR: 103, Sco-6, 1St Floor, Distt Shopping Complex,B-Block, Ranjit Avenue, Amritsar-143001, Tel:. ANAND: Bf-11, Prarthna Vihar Complex,Anand-Vidyanagar Road, Anand 388001. Tel: 02692-249433. AURANGABAD: F-11, Prarthna Vihar Complex, Anand Vidhyanagar Road, Anand-388001 Tel: 0240-3201911. BANGALORE: #5, Gajendra Towers, 2nd Floor, 11th Main, 4th Block, Jayanagar, Bangalore-560011 Tel: 080-32450027. BARAILY: 167-A, Civil Lines, Above Syndicate Bank, Station Road, Bareilly-243001,Tel:. BARODA-FSI: 217-218, Sidharath Complex, Nr. Express Hotel, R.C Dutt Road, Alkapuri, Baroda-5., Tel: 0265-2337757/ 3244885. BHARUCH: 332-333, Aditya Complex, Kasak Circle,Bharuch-392001, Tel: 02642-324339. BHAVNAGAR: 127, Sagar Complex, Near Jashonath Chowk,BHAVNAGAR-364001. , Tel: 0278- 3299844. BHILAI: Shop No.106, Sai Complex, 5/4, Nehrunagar Parisar, Nnhrunagar,Bhilai-490006, Tel:. BHOPAL: HIG-102,Vijay Stambh,Opp. Vishal Megamart, Zone-1,Mp Nagar, Bhopal.462011, Tel: 0755 3296663.BHUBANESWAR: Plot No-1258, Chandan Villa,Road No-8, Unit-9,Bhubaneswar -22, Tel:. BHUJ: 108, Shanti Chambers,New Station Road,Bhuj - 370001, Tel: 02832 325559. BILASPUR: 1st floor, Besides HDFC Bank, Above Katmoss Showroom, Link Road, Bilaspur – 495001 (Chattisgarh), Tel: 07752-327755. BURDWAN: Boronilpure More, G.T.Road (East), Burdwan-713103. , Tel:. CHANDIGARH: 4th Floor, SCO 208-209, Sector 34-A, Chandigarh -160022, Tel: 0172-4560155. CHENNAI : Office # 1C, Ist Floor,Laxmi Bhavan,609, MountRoad,Nungambakkam,Chennai-600006, Tel: 044 32566180,COCHIN: 39/4422, 1st Floor, Thaukalan Chambers, SA Road, Near Medical Trust Hospital, Pallimukku Junction, Kochi - 682 016, Tel: 0484-3253939. COIMBATORE: Arpee Centre, Shop: 46 & 47, 320-N N.S.R Road, Saibaba Colony, Coimbatore-641011, Tel:. DEHRADUN: 82, Cannought Place, Behind Hind Leather Works,Chakrata Road,Dehradun- 248001, Tel: 1353249010. DURGAPUR: Plot No. 224/681, Secon Lane Road, Mahiskapur Plot, Benachity,Durgapur-713213. , Tel: 03433201515. ERODE: O/1, V C T V Road, Gowtham Tower, 2ndFloor,Backside of Lotus TVS, Sathy Road,Erode-638003, Tel: 0424-3249188. FARIDABAD: SCF-73, 3rd Floor, Sector-15, Market, Faridabad-121001, Tel:. GANDHINAGAR: M-8, Suman Towers, Opp. Vijaya Bank, Sector - 11, Gandhinagar-382011, Tel:, 4E Block, Sri Ganganagar-334001. , Tel: 1543206554. GHAZIABAD: 206, 2Nd Floor, Sumedha Market Complex,Ansal Building,Rdc, Rajnagar,Ghaziabad - 201001. Tel: 0120 3229336. GOA: 103, Manguirish Chamber, 18th June Road,Panji,Goa-403001, Tel: 0832 3256700. GURGAON: 2nd Floor, SCO-16, Opp. Huda Office, Nr. Axis Bank,Sector – 14, Gurgaon-122001, Tel: 0124-3208813. GWALIOR: 1st Mazanine Floor, Panin Plaza,Shinde ki Chawani, Lashkar, Gwalior-474001, Tel: 0751-930328312. HIMMATNAGAR: DFF-77/78, New Durga Bazar, Nr. Railway crossing,Himmatnagar-383001, Tel: 02772 324456. HUBLI: Shop No 1,Sona Chambers (South Wing), 124 Club Road. Hubli -580020, Tel:. HYDERABAD: Shop No F4, 1st Floor, Sreeman Rama Towers,Adj to Swagath Hotel,Chaitanyapuri Cross Road, Dilsukhnagar, Hyderabad-500035, Tel: 040 32481002, INDORE: 113, Bansi Trade Centre, M.G.Raod,Indore-452001, Tel: 0731 3294450. JABALPUR: 109, 1St Floor, Rajul Arcade, Russel Chowk, Jabalpur-482001, M.P. Tel:. JAIPUR: M-3 (C), Sangam Tower, Church Road, M.I.Road, Jaipur - 302001, Tel: 0141-3220834. JALANDHAR: B-38, 1st Floor, Globe TVS Building, G.T.Road,Opp. Bus-Stand, Jalandhar-144001. , Tel:. JAMNAGAR: 554-555, 5Th Floor, Indraprasth,Near Pancheshwartower, B/H Super Market, Jamnagar-361001, Tel: 0288-3292891. JAMSHEDPUR: 48, Second Floor, Kamani Center,Bistupur, Jamshedpur-831001,, Tel: 0657 3209606. JODHPUR: Gang Tower, Ground Floor, Chopasni Road, Jodhpur-342003. , Tel:. JUNAGADH: 208, Punit Shopping Center, Ranavav Chowk, M G Road, Junagadh, Tel: 0285-3290575. KANPUR: 507-509, 5Th Floor,No. 63/2 “City Centre”,The Mall, Kanpur-208001, Tel: 0512 3209840. KOLHAPUR: F-06, 1St Floor, Vasant-Prabha Chambers,1125-E, Above Indusind Bank, Major Satyajit Shinde Path, Near Parikh Pool,Sykes Extension, Kolhapur-416001, Tel:. KOLKATA: Room No. 202 D, 2Nd Floor,Marlin Chamber,18, British India Street,Nr. Great Eastern Hotel, Kolkatta-700069, Tel: 033-32445600/5700. : LUCKNOW: S- 201, 2nd FLOOR, SKI HI CHAMBERS,11/ 5, PARK ROAD, HAZRATGANJ,LUCKNOW-226001, Tel: 0522-4041824/3250020. LUDHIANA: 1St - A, Second Floor, Pearl Palace Ghumar Mandi, Ludhiana-141001, Tel:. MEHSANA: 250-251, 2Nd Floor, Sardar Vyapar Sankul, Malgodawn Road, Mehsana-384002, Tel: 02762-325562. MORADABAD:10/11, 1st Floor, Chaddha Complex, GMD Road,Moradabad-244001, Tel:. MUMBAI: Flat No.201, A Wing, Vetex Vikas Chambers, Mv Road, Nr Andheri East, Andheri -400069, Tel: 022-32545280 MYSORE: #1037, 1st Floor, Devaparthiva Road, Off M.G.Road, B/w LAW Courts & RTO Office, Chamarajapuram, Mysore-570004, Tel: 0821-3200018. NADIAD: 203, City Point, Opp. Ipcowala Hall, Nr, Paras Cinema, College Road, Nadiad-387001. , Tel: 0268 3293228. NAGPUR: Shop No. Bs-1, Amarjyoti Palace,Wardha Road, Dhantoli,Nagpur -440012,Tel: 0712 3200807. NASIK: 301, Padma Vishwa Apartment, 4th Floor,Old Pandit Colony,Sharanpur,Nasik-422002, Tel: 0253-3201446. NAVSARI: 214,Manohar Comlex,Opp- Daboo Hospital,Fuvara Road, Navsari -396445, Tel: 02637-253782/325541. NEW DELHI : 717-720, Kirti Shikhar Tower, 11, District Centre, Janakpuri, New Delhi-110058. , Tel: 011- 32627300, NOIDA: Office No.41, Ground Floor, Ansal Fortune Arcade,Near PNB ATM, K-Block, Sector-18, Noida-201301, Tel: 0120-3106622. PALANPUR: 54 Ii Floor City Light Business Center,City Light Road, Pallanpur - 385001, Tel: 02742 324848. PANCHKULA: 2nd Floor, Front Side, SCO-64, Sector-11, Panchkula-134109, Tel:. PANIPAT: 946/8, 2nd Floor, Classic Tower, Battakh Chowk, Grand Trunk Road, Panipat-132103. , Tel: 0180 3200214. PATAN: 43, 1St Floor, City Point Market, Opp. Kohinoor Cinema, Bus Station Road, Patan - 384265, Tel: 02766 326640, 6Th Floor Room No 606, Jagat Trade Center, Fraser Road Patna, Patna 800001, Tel:. PORBANDAR: Shop No. 6, First Floor,Shree Raj Complex,M.G. Road,Porbandar, Tel:0286 3291166. PUNE: 2Nd Floor, Pongal,Above Datar Clinic,Behind Hotel “Panchavati Gaurav”,Off Bhandarkar Road,Nr.Deccan Gymkhana, Deccan,Pune - 411004, Tel: 020 32534699 RAIPUR: 232, Second Floor, Rishabh Complex, M.G. Road, Raipur-492001.Chattishgadh. Tel: 0771-3250422. RAJAMUNDRY: 46-7-22, 1st Floor, Jetty Towers,Danavaipeta, Rajahmundry-533103. , Tel: 0883 3244440. RAJKOT: 401,Star Chambers, Harihar Chowk, Rajkot-360001., Tel: 0281 3290809. RANCHI: F1-F2, 1st Floor, Amarnath Complex, Kailash BabuStreet, Behind Daily Market Police Station, Daily Market, Main Road, Ranchi-834001, Tel: 0651-3244044. RATLAM: 734, Chatri Pool Road, Fatema Market, Ratlam-457001, Tel:. SAGAR: 1st Floor, F-8, Dwarkaji Complex,7, Civil Lines, Sagar-470002, Tel:. SANGLI: 4th Floor, Shiv- Meridian, Azaad Chowk, Opposite Collector’s Bunglow, Sangli-416416. , Tel:. SURAT-FSI: NJ Fundz Network, 7 th Floor Vishwakarma Arcade, Ring Road, Majuragate Surat, Tel: 3013957. TRICHY: 2Nd Floor, 86, Gp Raja Tower, Madurai Road,Bharathiar Salai, Trichy - 620008, Tel:. UDAIPUR: 303-Third Floor, Akruti Complex,New Fatehpura, Opp. St. Mary School,Udaipur-313001, Tel: 0294-3204257. VALSAD: 6, 1St Floor,Ava Bai Complex, Halar Road,Valsad-396 001. Tel: 02632 320520. VAPI: 102, Bhanu Darshan Appt. Opp. Parth Complex, Gunjan, Vapi., Tel: 0260 3255778. VARANASI: Shop No.20, 1St Floor, Abc Tower, Shastri Nagar Chowk, Sigra, Varanasi-221001, Tel:. VIJAYWADA: 40-5-2, Maruthi Towers, Gr.Floor, 3rd Flat, Tikkle Road, Vijaywada-520010. Tel:. VISHAKHAPATNAM: 47-15-14/27, VRC Complex,Dwarakanagar, Vishakhaptnam – 530016. Tel: 0891 3260600.RR EQUITY BROKERS (P) LIMITEDAGRA: RR Equity Brokers Pvt. Ltd. 9, SBI Colony, 1st Floor, Opp. Subhash Park, M.g.road, Agra, UP, Tel: 9319087289. AHMEDABAD: RR Equity Brokers Pvt. Ltd. 401, Abhijit-1, Opp. Bhuj Mercantile Bank, Mithakhali, 6 Road, Navrangpura, Ahmedabad-390009, Tel: 079- 40211888. ANAND: RR Equity Brokers Pvt Ltd - G-1,Silver Oaks,Opp. Swayambar Party Plot V.v.road Anand GujaraT 388001, Tel: 9377306968,. BANGALORE: RR Equity Brokers Pvt. Ltd. S-111,Manipal Centre,47,Deckenson Road,Banglore-42, Tel: 080-42477177. BHAWNAGAR:RR Equity Brokers Pvt Ltd - 251 Madhav Darshan,Waghawadi Road Bhavnagar Gujarat 364001, Tel: 0278-2522120, 9426235681. BHUBANESHWAR: RR Equity Brokers Pvt Ltd - 3-4 Anand Plaza, Laxmi Sagar ,Square Cuttack Road, Bhubaneshwar Orissa 751009, Tel: 9861196880, 9861196880. BOKARO: RR Equity Brokers Pvt Ltd - Ga-18,City Center Sector-4 Bakaro Steel City, Jharkhand-827004, Tel: 9835139765, 9835377584. CHANDIGARH: RR Equity Brokers Pvt. Ltd. SCO-222-223,Gr. Floor,Sector-34A, Chandigarh, Tel: 0172-2624896.CHENNAI: RR Equity Brokers Pvt. Ltd. 3rd Flr.,Percision Plaza,New -397, Teynampet, anna Salai, Chennai- 600018, Tel: 044-42077370/71. DEHRADUN: RR Equity Brokers Pvt. Ltd. 56, 1st Floor, Rajpur Road,Opp. Madhuban, Dehradun, Uttaranchal- 248001, Tel: 0135-3258181. DELHI: RR Equity Brokers Pvt. Ltd. 106, Pankaj Chambers, Preet Vihar Community Centre, Delhi - 110092, Tel: 011-42421238-39, 49504400. DELHI: RR Equity Brokers Pvt. Ltd. Shop No. 24, FD Market, Near Madhuban Chowk, Pitampura, Delhi - 110034, Tel: 011 - 27311419.DHANBAD: RR Equity Brokers Pvt Ltd - 218,Sri Ram Plaza 2nd,Floor Bank More,Dhanbad Jharkhand-826000, Tel: 9431721838, 9431159178. DURGAPUR: RR Equity Brokers Pvt Ltd - Banerjee House- Dakshinayan Durgapur-713218 West Bengal, Tel: 0343-2556908, 9434009475. FARIDABAD: RR Equity Brokers Pvt. Ltd. Shop No. 55, 1st Floor, Near Flyover,Neelam Chowk,NIIT, Faridabad - 121001, Haryana, Tel: 0129-02427361. GHAZIABAD: RR Equity Brokers Pvt. Ltd. 114, Satyam Complex, Raj Nagar DC, Raj Nagar, Ghaziabad - 201002,Uttar Pradesh, Tel: 0120-2828090. GORAKHPUR: RR Equity Brokers Pvt Ltd - Gupta Metal Stores, Harbans Gali, Hindi Bazar Gorakhpur U.P 273005, Tel: 0551-2205986, 9936590296. GURGAON: RR Equity Brokers Pvt Ltd - 101,Apna Bazaar Gurgaon Haryana 122001, Tel: 0124-5108108, 9212048108. INDORE: RR Equity Brokers Pvt. Ltd. 206 Gold Arcade, 1/3 New Palasia, Indore M.P- 452001, Tel: 9826062666. JABALPUR: RR Equity Brokers Pvt Ltd - Shop No. 5, Unique Tower, Shashtri Bridge Chowk,Opp. Icici Bank. Jabalpur Madhya Pradesh482002, Tel: 9827066823, 9827066823. JAIPUR: RR Equity Brokers Pvt. Ltd. 7,Katewa Bhawan,Opp. Ganapati Plaza, MI Road,Jaipur- 302001, Tel: 0141-3235456. JODHPUR: RR Equity Brokers Pvt Ltd - 77, Prem Vihar, Opp-chopasni School,Chopasni Road Jodhpur Rajasthan 342003, Tel: 9928388322,. KANPUR: RR Equity Brokers Pvt Ltd - 26 L.G.F. Roland Tower 17/5 The Mall Kanpur Uttar Pradesh 208001, Tel: 2079930, 9336219040. KOLKATA: RR Equity Brokers Pvt. Ltd. 704,Krishna Bldg.,224,AJC Bose Road, Kolkata- 700017, Tel: 033-22802963/22806878. LUCKNOW: RR Equity Brokers Pvt. Ltd. G-32,Shriram Tower,13- A,Ashok Marg, Lucknow- 226001, Tel: 0522- 4057612. MANGLORE: RR Equity Brokers Pvt Ltd - F - 2 1st Floor Adithi Arcade Karangalpay mangalore - 575003 Karnataka, Tel: 9845288557,. MUMBAI: RR Equity Brokers Pvt. Ltd. 18 First Floor,105 bombay Samachar Marg.,Fort, Mumbai- 400023, Tel: 022-40544201/224. MUMBAI: RR Equity Brokers Pvt. Ltd. 133A, Mittal Tower, A Wing, 13th Floor, Nariman Point, Mumbai- 400021, Tel: 9324804084. NEW DELHI:RR Equity Brokers Pvt. Ltd. 47, M.M. Road, Rani Jhansi Marg, Jhandewalan, New Delhi – 110055, Tel: 011-23636363/62. NEW DELHI: RR Equity Brokers Pvt. Ltd. 105, Anchal Plaza,Nelson Mandela Road Vasant Kunj,New Delhi-110070, Tel: 011-26891262,26134764. NEW DELHI: RR Equity Brokers Pvt. Ltd. 105, Pratap Bhawan, Bahadur Shah Zafar Marg, New Delhi - 110001, Tel: 011- 49505500,41509018. NEW DELHI: RR Equity Brokers Pvt. Ltd. 118, Gagandeep Building, Rajendra Place, New Delhi- 110008, Tel: 011- 25764872,41538956.NEW DELHI: RR Equity Brokers Pvt. Ltd.N-24 - 25, Connaught Place, New Delhi - 110001, Tel: 011- 41523306, 46308803, 41523229. NEW DELHI: RR Equity Brokers Pvt. Ltd. 111, Jyotishikhar, 8 Distt. Centre, Janakpuri, New Delhi - 110018, Tel: 011- 25617654. NOIDA: RR Equity Brokers Pvt. Ltd. P-5,Sector - 18,Noida- 201301, Uttar Pradesh, Tel: 0120-4336992. PATNA: RR Equity Brokers Pvt Ltd - 422-23, 4th Floor,Ashiyana Harniwas Complex,New Dak Bunglow Road Patna Bihar 800001, Tel: 9334114868, 9334114868. ROHTAK: RR EquityBrokers Pvt Ltd - 103 Balaji Financial House Scf-28 Huda Complex Rohtak Haryana 124001, Tel: 9215011706, 9896001705. SURAT: RR Equity Brokers Pvt Ltd - 9-Ravi Raj Society, Behind Gayatri Mandir,New City Light Road Surat Gujarat 395002, Tel: 0261-2265818, 9925233692. VADODARA: RR Equity Brokers Pvt. Ltd. 222 Siddharth Complex,RC Dutta Road.,Vadodra- 390007, Tel: 0265-3256190/2353195. VARANASI: RR Equity Brokers Pvt. Ltd.Shop no. 38, Ground Floor Kuber Complex, Rath Yatra, Tel: 9415201997.SHAREKHAN LIMITEDAHMEDABAD : 201/202, Dynamic House, Near Vijay Cross Road, Navrangpura-380009, Tel : 079 – 66060141, ALWAR : 2/539, Aravali Vihar, Kala Kua Housing Board-301001, Tel : 0144-2360880. AMRITSAR : 5 Deep Complex, 1st floor, Opp Doaba Automobiles, Court Road-143001, Tel : 0183 – 6451903, Anand : F/5, Prarthana Vihar Complex, 1st Floor, Near Panchal Hall, Vidyanagar Road-388001, Tel : 02692 – 245615, AURANGABAD : Office no 1, 2, 3, ist Floor, Varad Towers, Khokadpura, Near Shivaji High School-431001, Tel : 0240-2361240,BANGALORE : #2307, Swanlines Building, 12th Main Road, 3rd Block East, Jayanagar-560011, Tel : 080 - 42876666, BETTIAH : Near Hotel Bharat Jalpan, Lal Bazar-845438, Tel : 06254-241512, BETUL : “ Housing Board Colony “, Gurudwara Road, Ganj-460001, Tel : 07141 – 233233, BHAVNAGAR : Gangotri Plaza, Plot No-8A, 3 rd Floor, Opp Dakshinamurti School, Waghawadi Road-364001, Tel : 0278 – 2573938, BHOPAL : Shop No. 114, 115 & 116, 1st Floor, Plot No. 2, Akansha Parisar, Zone-1, M.P. Nagar-462011, Tel : 0755 – 4291600,BHUBANESHWAR : 50-Forest Park, Near Airport Square, Udyan Marg, Bhubaneswar-751009-751009, Tel : 0674-2595883, CALICUT : 1st Floor, 6/1002 F, City Mall, Opp. YMCA, Kannur Road-673001, Tel : 0495 – 6450307, CHENNAI : G-2, Salzburg Square, 107-Harrington Road, Chetpet-600031, Tel : 044 – 28362800, COIMBATORE : Vigneswar Cresta, 2nd Block, 3rd Floor, 1095-Avinashi Road, P N Palayam-641037, Tel : 0422 – 2213434, ERODE : Akhil Complex, Block No.1, T.S.No.121, Perundurai Road, Opp.to Padmam Restaurant, - 638011,Tel : 0424 2241001, GUNTUR : D.No.5-87-89, 2nd Lane, 2nd Floor, Lakshipuram Main Road-522007, Tel : 0863 – 6452334, GURGAON : GF 10 JMD Regent Square, DLF Phase II, Near

4IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS - TRANCHE 3INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITEDGENERAL INSTRUCTIONSApplicants are advised to read the Prospectus -Tranche 3 and the General Instructionscontained in this application form carefully and to satisfy themselves of the disclosures beforemaking an application for subscription. Unless otherwise specified, all the terms used in thisapplication form have the same meaning as in the Prospectus -Tranche 3. For a copy of theProspectus -Tranche 3, the applicant may request Company and/or the Lead Managers.Further, investors are advised to retain the copy of the Prospectus -Tranche 3/AbridgedProspectus -Tranche 3 for their future reference. Please fill in the Form in English usingBLOCK letters. Investors should carefully choose the Option(s) they wish to apply for. Pleaserefer to Terms of the Issue in the Prospectus -Tranche 3 for details.TERMS OF THE ISSUE1.Issue, Status of Tranche 3 Bonds: 1.1 The public issue of Tranche 3 Bonds of the Company not exceedingRs. 21,716.7 million for the financial year 2010-2011. These terms and conditions are for the Tranche 3 Bondsissued under the Prospectus – Tranche 3. 1.2 The Tranche 3 Bonds in this Issue are constituted, issued andsecured pursuant to a Debenture Trust Deed. The Bondholders are entitled to the benefit of the DebentureTrust Deed and are bound by and are deemed to have notice of all the provisions of the Debenture Trust Deed.The Company is issuing the Tranche 3 Bonds in accordance with and pursuant to the Notification. The Tranche3 Bonds issued by the Company may be classified as ‘long term infrastructure bonds’ for the purposes ofSection 80 CCF of the Income Tax Act. 1.3 The Tranche 3 Bonds are issued in the form of secured, redeemable,non convertible debentures. The Tranche 3 Bonds constitute direct and secured obligations of the Companyand shall rank pari passu inter se and without any preference or priority among themselves. Subject to anyobligations preferred by mandatory provisions of the law prevailing from time to time, the Tranche 3 Bonds shallalso, as regards the principal amount of the Tranche 3 Bonds, interest and all other monies secured in respectof the Tranche 3 Bonds, rank pari passu with all other present and future debenture holders of the Company.The security described in section 14 of the section entitled “- Security” on page 118 shall be pari passu with allthe present and future borrowings of the Company from various lenders (although such lenders do not have thebenefit of any security over immovable property). The claims of the Bondholders shall be superior to the claimsof the unsecured creditors of the Company (subject to any obligations preferred by mandatory provisions of theapplicable law prevailing from time to time).2. Form, Face Value, Title and Listing etc: 2.1 Form : 2.1.1 The allotment of the Tranche 3 Bonds shall bein a dematerialized form (fungible and represented by the statement issued through the electronic mode) or inphysical form as indicated in the Application Form by an Applicant. The Company has made depositoryarrangements with National Securities Depository Limited (“NSDL”) and Central Depository Services (India)Limited (“CDSL”, and together with NSDL, the “Depositories”) for issue of the Tranche 3 Bonds in a dematerializedform pursuant to the tripartite agreement between: (i) the Company, NSDL and the Registrar dated December13, 2004; and (ii) the Company, CDSL and the Registrar dated December 21, 2004. (together the “TripartiteAgreements”) The Company shall take necessary steps to credit the Depository Participant account of theApplicants with the number of Tranche 3 Bonds allotted. The Bondholders holding the Tranche 3 Bonds indematerialised form shall deal with the Tranche 3 Bonds in accordance with the provisions of the DepositoriesAct and/or rules as notified by the Depositories from time to time. 2.1.2 The Bondholders may rematerialize theTranche 3 Bonds issued in dematerialized form at any time after allotment, in accordance with the provisions ofthe Depositories Act, 1996 and/or rules as notified by the Depositories from time to time. 2.1.3 In case ofTranche 3 Bonds that are allotted or held in physical form or upon rematerialization, the Company will issue onecertificate to the Bondholder for the aggregate amount of the Tranche 3 Bonds that are held by such Bondholder(each such certificate a “Consolidated Bond Certificate”). The Company shall dispatch the Consolidated BondCertificate to the address of the Applicant mentioned in the Application Form within two Working Days from thedate of Allotment of the Tranche 3 Bonds. 2.1.4In respect of the Consolidated Bond Certificate(s), the Companywill, upon receipt of a request from the Bondholder within 30 days of such request, split such Consolidated BondCertificate(s) into smaller denominations in accordance with the Articles of Association, subject to a minimumdenomination of one Bond. No fees will be charged for splitting any Consolidated Bond Certificate(s) but, stampduty, if payable, will be paid by the Bondholder. The request to split a Consolidated Bond Certificate shall beaccompanied by the original Consolidated Bond Certificate which will, upon issuance of the split ConsolidatedBond Certificates, be cancelled by the Company. 2.2 Face Value: The face value of each Bond is Rs. 5,000. 2.3Title: 2.3.1 In case of: (i) Tranche 3 Bonds held in the dematerialized form, the person for the time beingappearing in the register of beneficial owners maintained by the Depository; and (ii) the Tranche 3 Bond held inphysical form, the person for the time being appearing in the Register of Bondholders (as defined below) asBondholder, shall be treated for all purposes by the Company, the Debenture Trustee, the Depositories and allother persons dealing with such person as the holder thereof and its absolute owner for all purposes whether ornot it is overdue and regardless of any notice of ownership, trust or any interest in it or any writing on, theft orloss of the Consolidated Bond Certificate issued in respect of the Tranche 3 Bonds and no person will be liablefor so treating the Bondholder. 2.3.2 No transfer of title of a Bond will be valid unless and until entered on theRegister of Bondholders or the register of beneficial owners maintained by the Depository prior to the RecordDate. In the absence of transfer being registered, interest, Buyback Amount and/or Maturity Amount, as thecase may be, will be paid to the person, whose name appears first in the Register of Bondholders maintained bythe Depositories and/or the Company and/or the Registrar, as the case may be. In such cases, claims, if any, bythe purchasers of the Tranche 3 Bonds will need to be settled with the seller of the Tranche 3 Bonds and not withthe Company or the Registrar. The provisions relating to transfer and transmission and other related matters inrespect of the Company’s shares contained in the Articles of Association of the Company and the CompaniesAct shall apply, mutatis mutandis (to the extent applicable) to the Bond(s) as well. 2.4 Listing: The Tranche 3Bonds will be listed on NSE and BSE. 2.5 Market Lot: 2.5.1 The Tranche 3 Bonds shall be allotted in dematerialisedform and in physical form. The trading of the Tranche 3 Bonds on the Stock Exchanges shall be in dematerialisedform only in multiples of one Bond (“Market Lot”). 2.5.2 For details of allotment refer to chapter entitled “Procedurefor Application” beginning on page 125 of the Prospectus - Tranche. 2.6 Procedure for Rematerialisation ofTranche 3 Bonds: Bondholders who have been allotted Tranche 3 Bonds in dematerialized form and wish tohold the Tranche 3 Bonds in physical form may do so by submitting his or her request to his or her DepositoryParticipant in accordance with the applicable procedure stipulated by the Depository Participant. 2.7 Procedurefor Dematerialisation of Tranche 3 Bonds: Bondholders who have been allotted Tranche 3 Bonds in physicalform and wish to hold the Tranche 3 Bonds in dematerialized form may do so by submitting his or her request tohis or her Depository Participant in accordance with the applicable procedure stipulated by the DepositoryParticipant.3.Transfer of the Tranche 3 Bonds, Issue of Consolidated Bond Certificates etc: 3.1 Register ofBondholders: The Company shall maintain at its registered office or such other place as permitted by law aregister of Bondholders (the “Register of Bondholders”) containing such particulars as required by Section 152of the Companies Act. In terms of Section 152A of the Companies Act, the Register of Bondholders maintainedby a Depository for any Bond in dematerialized form under Section 11 of the Depositories Act shall be deemedto be a Register of Bondholders for this purpose. 3.2 Lock in Period: 3.2.1 No Transfer during Lock-inPeriod: In accordance with the Notification, the Bondholders shall not sell or transfer the Tranche 3 Bonds inany manner for a period of 5 years from the Deemed Date of Allotment (the “Lock-in Period”). 3.2.2 Transferafter Lock-in Period: Transfer after Lock-in Period: (a) The Bondholders may sell or transfer the Tranche 3Bonds after the expiry of the Lock-in Period on the stock exchange where the Tranche 3 Bonds are listed. (b) Ifa request for transfer of the Bond is not received by the Registrar before the Record Date for maturity, theMaturity Amount for the Tranche 3 Bonds shall be paid to the person whose name appears as a Bondholder inthe Register of Bondholders. In such cases, any claims shall be settled inter se between the parties and noclaim or action shall be brought against the Company. 3.3 Transfers: 3.3.1 Transfer of Tranche 3 Bonds heldin dematerialized form: In respect of Tranche 3 Bonds held in the dematerialized form, transfers of the Tranche3 Bonds may be effected only through the Depository(ies) where such Tranche 3 Bonds are held, in accordancewith the provisions of the Depositories Act, 1996 and/or rules as notified by the Depositories from time to time.The Bondholder shall give delivery instructions containing details of the prospective purchaser’s DepositoryParticipant’s account to his Depository Participant. If a prospective purchaser does not have a DepositoryParticipant account, the Bondholder may rematerialize his or her Tranche 3 Bonds and transfer them in amanner as specified in section 3.3.2 below. 3.3.2 Transfer of Tranche 3 Bonds in physical form: The Tranche3 Bonds may be transferred by way of a duly stamped and executed transfer deed or other suitable instrumentof transfer as may be prescribed by the Company for the registration of transfer of Tranche 3 Bonds. Purchasersof Tranche 3 Bonds are advised to send the Consolidated Bond Certificate to the Company or to such personsas may be notified by the Company from time to time. If a purchaser of the Tranche 3 Bonds in physical formintends to hold the Tranche 3 Bonds in dematerialized form, the Tranche 3 Bonds may be dematerialized by thepurchaser through his or her Depository Participant in accordance with the provisions of the Depositories Act,1996 and/or rules as notified by the Depositories from time to time. 3.4 Formalities Free of Charge: Registrationof a transfer of Tranche 3 Bonds and issuance of new Consolidated Bond Certificates will be effected withoutcharge by or on behalf of the Company, but upon payment (or the giving of such indemnity as the Company mayrequire) in respect of any tax or other governmental charges which may be imposed in relation to such transfer,and the Company being satisfied that the regulations concerning transfers of Tranche 3 Bonds have beencomplied with.4. Debenture Redemption Reserve (“DRR”): Section 117C of the Companies Act requires any company thatintends to issue debentures to create a DRR to which adequate amounts shall be credited out of the profits ofthe company till the redemption of the debentures. However, the Ministry of Company Affairs (the “MCA”) has,through its circular dated April 18, 2002, specified that NBFCs which are registered with the RBI under Section45-IA of the RBI Act, 1934 shall create DRR to the extent of 50 per cent. of the value of the debentures issuedthrough public issue. Accordingly, the Company shall create DRR of 50 per cent of the value of Tranche 3 Bondsissued and allotted in terms of this Prospectus - Tranche 3, for the redemption of the Tranche 3 Bonds. TheCompany shall credit adequate amounts to DRR from its profits every year until the Tranche 3 Bonds areredeemed. The amounts credited to the DRR shall not be utilized by the Company for any purpose other thanfor the redemption of the Tranche 3 Bonds.5. Underwriting: This second tranche under the Prospectus – Tranche 3 is not underwritten.6. Interest: 6.1 Annual Payment of Interest: Subject to buyback of the Tranche 3 Bonds as specified in thesection 10.3 below, for Series 1 Tranche 3 Bonds, interest at the rate of 8.25 % per annum will be paid annuallycommencing from the Deemed Date of Allotment and on the equivalent date falling every year thereafter. 6.2Cumulative Payment of Interest: Subject to buyback of the Tranche 3 Bonds as specified in the section 10.3below, interest on the Series 2 Tranche 3 Bonds shall be compounded annually at the rate of 8.25 % per annumcommencing from the Deemed Date of Allotment and shall be payable on the Maturity Date or the BuybackDate, as the case may be. 6.3 Day Count Convention : Interest shall be computed on a 365 days-a-yearbasis on the principal outstanding on the Tranche 3 Bonds. However, where the interest period (start date toend date) includes February 29, interest shall be computed on 366 days-a-year basis, on the principal outstandingon the Tranche 3 Bonds. 6.4 Interest on Application and Refund Money: 6.3.1 Application Interest: TheCompany shall not pay any interest on the Application Amount. 6.3.2 Refund Interest The Company shall notpay any interest on refund of Application Amount, in whole or part.7. Redemption: 7.1 Unless previously redeemed as provided under the Debenture Trust Deed, the Companyshall redeem the Tranche 3 Bonds on the Maturity Date. 7.2Procedure for Redemption by Bondholders:The procedure for redemption is set out below: 7.2.1 Tranche 3 Bonds held in electronic form:No action isrequired on the part of Bondholders at the time of maturity of the Tranche 3 Bonds. 7.2.2 Tranche 3 Bondsheld in physical form: No action will ordinarily be required on the part of the Bondholder at the time of redemptionand the Maturity Amount will be paid to those Bondholders whose names appear in the Register of Bondholdersmaintained by the Company on the Record Date fixed for the purpose of redemption. However, the Companymay require that the Consolidated Bond Certificate(s), duly discharged by the sole holder or all the joint-holders(signed on the reverse of the Consolidated Bond Certificate(s)) to be surrendered for redemption on MaturityDate and shall be sent by the Bondholders by registered post with acknowledgment due or by hand delivery tothe Registrar or Company or to such persons at such addresses as may be notified by the Company from timeto time. Bondholders may be requested to surrender the Consolidated Bond Certificate(s) in the manner asstated above, not more than three months and not less than one month prior to the Maturity Date so as tofacilitate timely payment. See the section entitled “Payment on Redemption or Buyback” on page 116 of thePropsecuts - Tranche 3. 7.3 Buyback of Tranche 3 Bonds: 7.3.1 An Applicant subscribing to the Series 1Tranche 3 Bonds and/or the Series 2 Tranche 3 Bonds, shall at the time of submitting the Application Formindicate his or her preference for utilizing the buyback facility offered by the Company for the Series 1 Tranche3 Bonds and/or the Series 2 Tranche 3 Bonds by opting for it in the Application Form and completing all formalitiesas may be prescribed therein. 7.3.2 The Company shall dispatch the Buyback Intimation Request at least 15days prior to the commencement of the Buyback Intimation Period, requesting buyback confirmation from theBondholders as specified below. A Bondholder may respond to the Buyback Intimation Request at any timeduring the currency of the Buyback Intimation Period by informing the Company in writing of the following:(a) ABondholder of Series 1 Tranche 3 Bonds and/or Series 2 Tranche 3 Bonds who has opted for buyback in amanner as specified in section 10.3.1 above may inform the Company of their intention not to utilize the buybackfacility offered by the Company; or (b) A Bondholder of Series 1 Tranche 3 Bonds and/or Series 2 Tranche 3Bonds who has not opted for buyback in a manner as specified in section 10.3.1 above may inform the Companyof their intention to utilize the buyback facility offered by the Company; 7.3.3 For the avoidance of doubt, theBondholders may note that no action will be required on their part for the following: (a) In case of Bondholderswho have opted in the Application Form for the buyback facility and intend to continue with the same; and (b) Incase of Bondholders who have not opted, in the Application Form, for the buyback and intend to continue withthe same.7.3.4 The buyback of the Series 1 Tranche 3 Bonds and/or the Series 2 Tranche 3 Bonds from theirrespective Bondholders shall be effected by the Company by payment of the Buyback Amount on the BuybackDate, subject to the terms set forth herein:(a) Tranche 3 Bonds held in dematerialized form: No action willbe required on part of the Bondholder. Upon receiving instructions from the Company, the Registrar wouldundertake appropriate corporate action to effect the buyback. (b) Tranche 3 Bonds held in physical form: Noaction would ordinarily be required on part of the Bondholder on the Buyback Date and the Buyback Amountwould be paid to those Bondholders whose names appear first in the Register of Bondholders. However, theCompany may require the Bondholder to duly surrender the Consolidated Bond Certificate to the Company/Registrar for the buyback 30 Working Days prior to the Buyback Date. 7.3.5 No notice or letter or any otherwritten instrument sent to the Company pursuant to section 7.3.2 above shall be accepted by the Company if ithas been received after the lapse of the Buyback Intimation Period. 7.3.6 Upon payment of the Buyback Amountson the Buyback Date, the principal amounts of the Tranche 3 Bonds shall be deemed to have been repaid to theBondholders of the Series 1 Tranche 3 Bonds and/or Series 2 Tranche 3 Bonds and all other rights of theBondholders shall terminate and no interest shall accrue on such Tranche 3 Bonds. 7.3.7 Subject to the provisionsof the Companies Act, where the Company has bought back any Bond(s), the Company shall have and shall bedeemed always to have had the right to keep such Tranche 3 Bonds alive without extinguishment for thepurpose of resale and in exercising such right, the Company shall have and be deemed always to have had thepower to resell such Tranche 3 Bonds.8. Payments: 8.1 Payment of Interest: Payment of interest on the Tranche 3 Bonds will be made to thoseBondholders, whose name appears first in the Register of Bondholders maintained by the Depositories and/orthe Company and/or the Registrar, as the case may be as, on the Record Date. 8.2 Record Date: The recorddate for the payment of interest or the Buyback Amount or the Maturity Amount shall be 3 Working Days prior tothe date on which such amount is due and payable (“Record Date”). 8.3 Effect of holidays on payments: If thedate of payment of interest or principal or any date specified does not fall on a Working Day, then the succeedingWorking Day will be considered as the effective date. Interest and principal or other amounts, if any, will be paidon the succeeding Working Day. Payment of interest will be subject to the deduction of tax as per Income TaxAct or any statutory modification or re-enactment thereof for the time being in force. In case the Maturity Datefalls on a holiday, the payment will be made on the next Working Day, without any interest for the periodoverdue. 8.4 Payment on Redemption or Buyback: The manner of payment on Maturity or Buyback on page116 of the Prospectus - Tranche 3.9. Manner and Mode of Payment: 9.1 Manner of Payment: All payments to be made by the Company to theBondholders n page 117 of the Prospectus - Tranche 3. 9.2 Mode of Payment: All payments to be made by theCompany to the Bondholders shall be made through any of the following modes: 9.2.1 Cheques or Demanddrafts: 9.2.2 National Electronic Clearing System (“NECS”). Please refer to the section on Manner andMode of Payment starting on page 117 of the Prospectus - Tranche 3.10. Taxation : Please refer to the section on Taxation on page 117 of the Prospectus - Tranche 3.11. Security : 11.1 The principal amount of the Tranche 3 Bonds to be issued upon the terms contained hereintogether with all interest, costs, charges, fees, remuneration of Debenture Trustee and expenses payable inrespect thereof (the “Secured Obligations”) shall be secured in favour of the Debenture Trustee in the followingmanner:11.1.1 By way of a first floating pari passu charge over the certain receivables of the Company arisingout of its: a) investments; and/or b) infrastructure loans; and/or c) current assets, loans and advances, asappearing in the Company’s balance sheet from time to time to the extent of 1.0 times of the outstandingSecured Obligations (the “Secured Assets”), provided however that the Secured Assets shall not include thefollowing: (a) any receivables of the Company arising from: (i) any loan or debt granted by the Company to itssubsidiaries and affiliates present or in the future; or (ii) any investments in equity and / or preference sharecapital or investment through any other instrument made by the Company in, its subsidiaries and affiliateswhether presently or in the future); and (b) Permitted Liens. “Permitted Liens” for the purpose of the abovemeans security on government securities or corporate bonds of the Company to secure short term debt of lessthan 365 day duration incurred by the Company under the Collaterized Borrowing and Lending Operations ofClearing Corporation of India Limited or under any repo or repurchase facility. 11.1.2 TThe Secured Obligationsare also secured by first fixed pari passu charge over immovable property of the Company being flat number311/312 at 2A, Raheja Classique, New Link Road, Andheri (West), Mumbai – 400053. 11.2 The Companyagrees to maintain an asset cover of at least 1.0 times of the outstanding amount of Tranche 3 Bonds, at alltimes, till the Tranche 3 Bonds are completely redeemed. In case of reduction of security cover below 1.0 timesfor any reason whatsoever, the Company agrees to make-up the deficiency with equivalent amount of receivables,free from any charge of whatsoever nature, so as to maintain the minimum asset cover of 1.0 times. 11.3 TheCompany has created a floating charge on some receivables as appearing in the balance sheet of the Company,as security for its existing borrowings (including the existing debentures), the aggregate value of which is atleast equivalent to 1.00 times of the total outstanding borrowings (including the debentures) of the Company.The Company has secured its existing debentures by way of a charge on immovable property of the Companybeing flat number 311/312 at 2A, Raheja Classique, New Link Road, Andheri (West), Mumbai – 400053. Thebenefit of such security will be provided to the Bondholders. Since the terms of existing borrowings whether byway of loans or by way of debentures expressly allow further borrowings by the Company, no pari passu lettershave been exchanged 11.4 The Company shall ensure that the creation of security as contemplated in thissection and all necessary formalities including execution of relevant security documents in relation thereto arecompleted within a period of 90 days from the Deemed Date of Allotment of the Tranche 3 Bonds. 11.5 No priorconsent for creation of Security is required from IDBI Trusteeship Services Limited in its capacity as debenturetrustee for the existing debentures of the Company and IDBI Trusteeship Services Limited in its capacity assecurity trustee for the existing loans of the Company.12. Events of Defaults: The Debenture Trustee at its discretion may, or if so requested in writing by the holdersof not less than 75 per cent. in principal amount of the Tranche 3 Bonds then outstanding or if so directed by aSpecial Resolution shall (subject to being indemnified and/or secured by the Bondholders to its satisfaction),give notice to the Company specifying that the Tranche 3 Bonds and/or any particular Series of Tranche 3Bonds, in whole but not in part are and have become due and repayable at the Early Redemption Amount onsuch date as may be specified in such notice inter alia if any of the events listed in the section on Events ofDefaults on page 120 of the Prospectus - Tranche 3.13. Bondholder’s Rights, Nomination Etc.: 13.1 Bondholder Not a Shareholder: The Bondholders will notbe entitled to any of the rights and privileges available to the equity and preference shareholders of the Company.13.2 Nomination Facility to Bondholder: 13.2.1I n accordance with Section 109A of the Act, the sole Bondholderor first Bondholder, along with other joint Bondholders (being individual(s)) may nominate any one person(being an individual) who, in the event of death of the sole holder or all the joint-holders, as the case may be,shall become entitled to the Tranche 3 Bond. A person, being a nominee, becoming entitled to the Tranche 3Bond by reason of the death of the Bondholders, shall be entitled to the same rights to which he will be entitledif he were the registered holder of the Tranche 3 Bond. Where the nominee is a minor, the Bondholders maymake a nomination to appoint any person to become entitled to the Tranche Bond(s), in the event of his death,during the minority. 13.2.2 IIn case of allotment of Tranche 3 Bonds in dematerialised mode, there is no need tomake a separate nomination with the Company. Nominations registered with the respective Depository Participantof the Bondholder will prevail. If the Bondholders require changing their nomination, they are requested toinform their respective Depository Participant. For more details refer section on Bondholder’s Rights, NominationEtc., starting on page 122 of the Prospectus - Tranche 3.14. Debenture Trustees : 14.1The Bondholders shall, without further act or deed, be deemed to have irrevocablygiven their consent to the Debenture Trustee or any of their agents or authorised officials to do all such acts,deeds, matters and things in respect of or relating to the Tranche 3 Bonds as the Debenture Trustee may in theirabsolute discretion deem necessary or require to be done in the interest of the Bondholders. 14.2 The DebentureTrustee will protect the interest of the Bondholders in the event of default by the Company in regard to timelypayment of interest and repayment of principal and they will take necessary action at the Company’s cost.15. Miscellaneous: 15.1 Loan against Tranche 3 Bonds: The Tranche 3 Bonds cannot be pledged orhypothecated during the Lock-in Period. The Tranche 3 Bonds may be pledged or hypothecated or subject tolien for obtaining loans from scheduled commercial banks, after the Lock-in Period. 15.2 Lien, 15.3 Lien onPledge of Tranche 3 Bonds, 15.4 Right to Reissue Tranche 3 Bond(s), 15.5 Joint-holders, 15.6 Sharing ofInformation, 15.7 Notices, 15.8 Issue of Duplicate Consolidated Bond Certificate(s), 15.9 FutureBorrowings, 15.10 Jurisdiction. For section of Miscellaneous please refer to the page 123 of the Prospectus- Tranche 3.PROCEDURE FOR APPLICATION: This section applies to all Applicants. Please note that all Applicants arerequired to make payment of the full Application Amount along with the Application Form. The Prospectus -Tranche 3 and the Application Forms together with the abridged prospectus may be obtained from our CorporateOffice, from the Lead Managers or from the Lead Brokers. In addition, Application Forms would also be madeavailable to NSE and BSE where listing of the Tranche 3 Bonds is sought, and to brokers, being members ofNSE and BSE, upon their request.16. Application Form: Applicants are required to submit their Applications through the Bankers to Issue.17. WHO CAN APPLY? : The following categories of persons are eligible to apply in the Issue: ● Indian nationalsresident in India, who are not minors, in single or joint names (not more than three); and ● Hindu UndividedFamilies or HUFs, in the individual name of the Karta. The Applicant should specify that the Application is beingmade in the name of the HUF in the Application Form as follows: “Name of Sole or First Applicant: XYZ HinduUndivided Family applying through XYZ, where XYZ is the name of the Karta”. Applications by HUFs would beconsidered at par with those from individuals. Please note that non-resident investors including NRIs, FIIsand OCBs are not eligible to participate in the Issue.18. Application Size: Applications are required to be for a minimum of two Tranche 3 Bonds and multiples ofone Tranche 3 Bonds thereafter. For the purpose fulfilling the requirement of minimum subscription of twoTranche 3 Bonds, an Applicant may choose to apply for two Tranche 3 Bonds of the same series or two Tranche3 Bonds across different series.19. INSTRUCTIONS FOR COMPLETING THE APPLICATION FORM: Applications must be: (a) Made only inthe prescribed Application Form. (b) Completed in block letters in English as per the instructions containedherein and in the Application Form, and are liable to be rejected if not so completed. Applicants should note thatthe Bankers to the Issue will not be liable for errors in data entry due to incomplete or illegible Application Forms.(c) In single name or in joint names (not more than three, and in the same order as their Depository Participantdetails). (d) Applications are required to be for a minimum of two Tranche 3 Bonds and in multiples of one Bondthereafter. For the purpose fulfilling the requirement of minimum subscription of two Tranche 3 Bonds, an Applicantmay choose to apply for two Tranche 3 Bonds of the same series or two Tranche 3 Bonds across differentseries. The Application without the minimum specified lot shall be rejected by the Company.(e) Thumb impressionsand signatures other than in English/ Hindi/ Marathi or any of the other languages specified in the EighthSchedule to the Constitution of India must be attested by a Magistrate or Notary Public or a Special ExecutiveMagistrate under his official seal. (f) No receipt would be issued by the Company for the Application money.However, the Bankers to the Issue, on receiving the applications will acknowledge receipt by stamping andreturning the acknowledgment slip to the Applicant. IN CASE OF THE APPLICATION FORMS FORSUBSCRIPTION OF BONDS IN DEMATERIALISED FORM, IF THE DP ID, CLIENT ID AND PAN MENTIONEDIN THE APPLICATION FORM DO NOT MATCH WITH THE DP ID, CLIENT ID AND PAN AVAILABLE IN THERECORDS WITH THE DEPOSITORIES, THE APPLICATION FORM IS LIABLE TO BE REJECTED. The demataccounts for Applicants for which PAN details have not been verified shall be “suspended for credit”and no credit of Tranche 3 Bonds pursuant to the Issue shall be made into accounts of such Applicants.GENERAL INSTRUCTIONS20. Do’s: 1. Check if you are eligible to apply. 2. In case of applications in physical form, the Applicant shouldprovider all the documents as specified in the section titled “Bonds in Physical Form” at page 130 of the Prospectus- Traches 3 below. 3. Read all the instructions carefully and complete the Application Form in all respects byproviding all the information including PAN and demographic details. 4. Applications are required to be in singleor joint names (not more than three). 5. Ensure that the details about the Depository Participant and beneficiaryaccount are correct and the demat account is active for Allotment of the Tranche 3 Bonds in dematerialisedform. The requirement for providing Depository Participant details shall be mandatory only for Applicants whowish to subscribe to the Tranche 3 Bonds in dematerialized form. Any Applicant who provides the DepositoryParticipant details in the Application Form shall be Allotted the Tranche 3 Bonds in the dematerialized form only.Such Applicant shall not be Allotted the Tranche 3 Bonds in physical form. 6. In case of an HUF applying throughits Karta, the Applicant is required to specify the name of an Applicant in the Application Form as “XYZ HinduUndivided Family applying through PQR”, where PQR is the name of the Karta. 7. Applicant’s Bank AccountDetails: The Tranche 3 Bonds shall be allotted in dematerialised form or in physical form. The Registrars to theIssue will obtain the Applicant’s bank account details from the Depository in case of allotment in dematerializedform or from the Application Form in case of allotment in physical form. The Applicant should note that in case ofallotment in dematerialized form, on the basis of the name of the Applicant, Depository Participant’s (DP) name,Depository Participants identification number and beneficiary account number provided by them in the ApplicationForm, the Registrar to the Issue will obtain from the Applicant’s DP A/c, the Applicant’s bank account details. TheApplicants are advised to ensure that bank account details are updated in their respective DP A/cs or the correctas these bank account details would be printed on the refund order(s), if any. The Applicants desirous of subscribingto the Tranche 3 Bonds in physical form should ensure that they have provided the correct bank account detailsin the Application Form, into which the amounts pertaining to refunds, interest and redemption, as applicable,should be credited as these bank account details would be printed on the refund order(s), if any. Please notethat failure to do so could result in delays in credit of refunds to Applicants at the Applicants sole risk and neitherthe Lead Managers nor our Company nor the Refund Bank nor the Registrar shall have any responsibility andundertake any liability for the same. 8. Applications under Power of Attorney: Unless the Company specifically

IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS - TRANCHE 3stockinvest/money orders/ postal orders will not be accepted.25. Submission of Application Forms: All Application Forms duly completed and accompanied by accountpayee cheques or drafts shall be submitted to the Bankers to the Issue during the Issue Period. No separatereceipts shall be issued for the money payable on the submission of Application Form. However, the collectioncentre of the Bankers to the Issue will acknowledge the receipt of the Application Forms by stamping andreturning to the Applicants the acknowledgement slip. This acknowledgement slip will serve as the duplicate ofthe Application Form for the records of the Applicant.26. Online Applications: The Company may decide to offer an online Application facility for the Tranche 3Bonds, as and when permitted by Applicable Laws, subject to the terms and conditions prescribed.27. Tranche 3 Bonds in dematerialised form with NSDL or CDSL: The Allotment of Tranche 3 Bonds in thisIssue shall also be in de-materialised form, (i.e., be fungible and be represented by the statement issuedthrough the electronic mode). As per the provisions of the Depositories Act, the Tranche 3 Bonds can be held ina dematerialised form, i.e., they shall be fungible and be represented by a statement issued through electronicmode. Please refer on page 129 of the Prospectus - Tranche 3 of more information.28. Bonds in Physical Form: The Company through its letter dated October 6, 2010 informed SEBI that itproposes to issue the Bonds in physical form to such investors who wish to subscribe in physical form. SEBIthrough its letter dated October 8, 2010 (the “SEBI Letter”) inter alia stated that it is advised that the issuer shallmake the public issue in dematerialised form. The SEBI Letter further stated that the Applicant(s) who wish tosubscribe to, or hold, the Bonds in physical form can do so in terms of Section 8(1) of the Depositories Act, 1996and the Company is obligated to fulfill such request of the Applicant(s). Accordingly, any Applicant who wishes tosubscribe to the Tranche 3 Bonds in physical form shall undertake the steps as specified in this Prospectus –Tranche 3. Any Applicant who wishes to subscribe to the Tranche 3 Bonds in physical form shall provide thefollowing documents: (a) Self-attested copy of the PAN card; (b) Self-attested copy of the proof of residence.Any of the following documents shall be considered as a verifiable proof of residence: ● ration card issued by theGovernment of India; or ● valid driving license issued by any transport authority of the Republic of India; or ●electricity bill (not older than 3 months); or ● landline telephone bill (not older than 3 months); or ● valid passportissued by the Government of India; or ● Voter’s Identity Card issued by the Government of India; or ● passbookor latest bank statement issued by a bank operating in India; or ● leave and license agreement or agreement forsale or rent agreement or flat maintenance bill; or ● a letter from a recognized public authority or public servantverifying the identity and residence of the Applicant. (c) Details of the bank account in the Application Form towhich the amounts pertaining to payment of refunds, interest and redemption, as applicable, should be credited.The Applicant shall be responsible for providing the above information accurately. Delays or failure in credit ofthe payments due to inaccurate details shall be at the sole risk of the Applicants and neither the Lead Managersnor the Company shall have any responsibility and undertake any liability for the same. The Applications, of theApplicants who wish to subscribe for the Tranche 3 Bonds in physical form, which are not accompanied with theaforestated documents may be rejected at the sole discretion of the Company. In case of Tranche 3 Bonds thatare issued in physical form, the Company will issue one certificate to the Bondholder for the aggregate amountof the Tranche 3 Bonds that are allotted (each such certificate a “Consolidated Bond Certificate”). The Companyshall dispatch the Consolidated Bond Certificate to the address of the Applicant provided in the Application Formwithin two (2) Working Days from the date of Allotment of the Tranche 3 Bonds. PLEASE NOTE THAT, SUBJECTTO THE LOCK-IN PERIOD, TRADING OF BONDS ON THE STOCK EXCHANGES SHALL BE INDEMATERIALISED FORM ONLY IN MULTIPLE OF ONE BOND.29. Communications: All future communications in connection with Applications made in the Issue should beaddressed to the Registrar to the Issue, quoting all relevant details regarding the Applicant/Application. Applicantsmay address our Compliance Officer as well as the contact persons of the Lead Managers and the Registrar tothe Issue in case of any pre-Issue related problems such as non-receipt of letters of Allotment/credit of Tranche3 Bonds in the Depositary’s beneficiary account/refund orders, etc.30. Rejection of Applications: The Company reserves its full, unqualified and absolute right to accept or rejectany Application in whole or in part and in either case without assigning any reason thereof. In case of Applicationswhere the Application Form has not been duly completed, the Company reserves the sole right at its absolutediscretion to reject the Application Form. Application would be liable to be rejected on one or more technicalgrounds, including but not restricted to: ● Number of Tranche 3 Bonds applied for is less than the minimumApplication size; ● Applications not duly signed by the sole/joint Applicants; ● Application amount paid not tallyingwith the number of Tranche 3 Bonds applied for; ● Applications for a number of Tranche 3 Bonds which is not ina multiple of one; ● Investor category not ticked; ● Bank account details not given; ● Applications by persons notcompetent to contract under the Indian Contract Act, 1872, as amended, including a minor without a guardianname; ● In case of Applications under Power of Attorney where relevant documents not submitted; ● Applicationagree in writing, and subject to such terms and conditions as the Company may deem fit, in the case of Applicationsmade under Power of Attorney, a certified copy of the Power of Attorney is required to be lodged separately,along with a copy of the Application Form at the office of the Registrar to the Issue simultaneously with thesubmission of the Application Form, indicating the name of the Applicant along with the address, Applicationnumber, date of submission of the Application Form, name of the bank and branch where it was deposited,Cheque/Demand Number and the bank and branch on which the Cheque/Demand was drawn. 9. PermanentAccount Number: All Applicants should mention their PAN allotted under the Income Tax Act in the ApplicationForm. In case of joint applicants the PAN of the first Applicant should be provided and for HUFs, PAN of the HUFshould be provided. The PAN would be the sole identification number for participants transacting in the securitiesmarkets, irrespective of the amount of the transaction. Any Application Form without the PAN is liable to berejected. It is to be specifically noted that Applicants should not submit the GIR Number instead of the PAN asthe Application is liable to be rejected on this ground. 10. In case of Application Forms for subscription ofTranche 3 Bonds in physical form, ensure that along with the Application Form you have provided all the requisitedocuments, as more particularly detailed in section entitled “Bonds in Physical Form” on page 130 of the Prospectus- Tranche 3. 11. Joint Applications: Applications may be made in single or joint names (not exceeding three). Inthe case of joint Applications, all payments will be made out in favour of the first Applicant. All communicationswill be addressed to the first named Applicant whose name appears in the Application Form at the addressmentioned therein. 12. Applicants are requested to write their names and Application serial number on thereverse of the instruments by which the payments are made. 13. Category: All Applicants are requested to tickthe relevant column “Category of Investor” in the Application Form. 14. Ensure that you have specified the seriesof the Tranche 3 Bonds that you wish to subscribe to. The Application Forms which do not indicate the series forwhich the Applicant has applied shall be Allotted Series 1 Tranche 3 Bonds. 15. Ensure that the appropriate boxwith respect to the buyback facility is duly ticked. 16. Ensure that the Applications are submitted to the Bankersto the Issue or collection centre(s)/ agents as may be specified before Issue Closing Date; 17. In case ofApplication Forms for subscription of Tranche 3 Bonds in dematerialised form, ensure that the name(s) given inthe Application Form is exactly the same as the name(s) in which the beneficiary account is held with theDepository Participant. In case the Application Form is submitted in joint names, ensure that the beneficiaryaccount is also held in same joint names and such names are in the same sequence in which they appear in theApplication Form.Don’ts: 1. Do not make an application for lower than the minimum Application size. 2. Do not pay the ApplicationAmount in cash, by money order or by postal order or by stockinvest. 3. Do not send Application Forms by post;instead submit the same to a Banker to the Issue only. 4. Do not submit the GIR number instead of the PAN asthe Application Form is liable to be rejected on this ground. 5. Do not submit the Application Forms without thefull Application Amount. 6. Do not provide the Depository Participant details in the Application Forms for subscriptionof Tranche 3 Bonds in physical form. For further instructions, please read the Application Form carefully.21. Tax Deduction at Source: For more details please refer on page 128 of the Prospectus - Tranche 3.22. Multiple and Partial Applications: For more details please refer on page 128 of the Prospectus - Tranche 3.PAYMENT INSTRUCTIONS23. Escrow Mechanism : For more details please refer to the section on Payment Instructions on page 128 ofthe Prospectus - Tranche 3.24. Payment into Escrow Account: Each Applicant shall draw a cheque or demand draft or remit the fundselectronically through the RTGS mechanism for the Application Amount as per the following terms: (a) All Applicantswould be required to pay the full Application Amount at the time of the submission of the Application Form.(b)The Applicants shall, with the submission of the Application Form, draw a payment instrument for the ApplicationAmount in favour of the Escrow Account and submit the same to Bankers to the Issue. If the payment is notmade favouring the Escrow Account along with the Application Form, the Application shall be rejected. (c) Thepayment instruments for payment into the Escrow Account should be drawn in favour of “IDFC Infra Bonds –Tranche 3”. (d) The monies deposited in the Escrow Account will be held for the benefit of the Applicants untilthe Designated Date. (e) On the Designated Date, the Escrow Collection Banks shall transfer the funds from theEscrow Account as per the terms of the Escrow Agreement into the Public Issue Account with the Bankers to theIssue. The Escrow Collection Bank shall also transfer all amounts payable to Applicants whose Applicationshave been rejected by the Company to the Refund Account with the Refund Bank. The Refund Bank shallrefund all the amounts to the Applicants in terms of the Escrow Agreement. (f) Payments should be made bycheque, or a demand draft drawn on any bank (including a Co-operative bank), which is situated at, and is amember of or sub-member of the bankers’ clearing house located at the centre where the Application Form issubmitted. Outstation cheques/bank drafts drawn on banks not participating in the clearing process will not beaccepted and applications accompanied by such cheques or bank drafts are liable to be rejected. (g) Cash/ISSUE MANAGEMENT TEAMLEAD MANAGERS TO THE ISSUEby stockinvest; ● Applications accompanied by cash; ● Applications without PAN; and ● DP ID, Client ID and PANmentioned in the Application Form do not match with the DP ID, Client ID and PAN available in the records withthe depositories.The collecting bank shall not be responsible for rejection of the Application on any of thetechnical grounds mentioned above. Application form received after the closure of the Issue shall be rejected.In the event, if any Bond(s) applied for is/are not allotted, the Application monies of such Tranche 3 Bonds will berefunded, as may be permitted under the provisions of applicable laws.31. Basis of Allotment : The Company shall finalise the Basis of Allotment in consultation with the DesignatedStock Exchange. The executive director (or any other senior official) of the Designated Stock Exchange alongwith the Lead Managers and the Registrar shall be responsible for ensuring that the Basis of Allotment isfinalised in a fair and proper manner. Subject to the provisions contained in the Prospectus - Tranche 3, theArticles of Association of the Company and the approval of the Designated Stock Exchange, the Board willproceed to Allot the Tranche 3 Bonds under the Prospectus – Tranche 3 as per section on Basis of Allotment onpage 132 of the Prospectus - Tranche 3.32. Letters of Allotment/ Refund Orders: The Company reserves, in its absolute and unqualified discretionand without assigning any reason thereof, the right to reject any Application in whole or in part. The unutilisedportion of the Application money will be refunded to the Applicant by an account payee cheque/demand draft. Incase the cheque payable at par facility is not available, we reserve the right to adopt any other suitable mode ofpayment. The Company shall credit the allotted Bond to the respective beneficiary accounts/dispatch the Letter(s)of Allotment or Letter(s) of Regret/ Refund Orders in excess of Rs. 1,500, as the case may be, by registered postat the Applicant’s sole risk, within 10 weeks from the date of closure of the Issue. Refund Orders up to Rs. 1,500will be sent under certificate of posting. Further, (a) Allotment of the Tranche 3 Bonds shall be made within 30days of the Issue Closing Date; (b) credit to dematerialised accounts or dispatch of the Consolidated BondCertificate, as applicable, will be made within two Working Days from the date of Allotment; (c) the Companyshall pay interest at 15% per annum if the Allotment has not been made and/ or the Refund Orders have notbeen dispatched to the Applicants within 30 days from the date of the closure of the Issue, for any delay beyond30 days. The Company will provide adequate funds to the Registrar to the Issue, for this purpose.33. Filing of the Prospectus - Tranche 3 with the ROC: A copy of the Prospectus - Tranche 3 shall be filed withthe Registrar of Companies, Tamil Nadu in terms of Sections 56 and 60 of the Companies Act.34. Pre-Issue Advertisement: Subject to Section 66 of the Companies Act, the Company shall, on or beforethe Issue Opening Date, publish a pre-Issue advertisement, in the form prescribed by the SEBI Debt Regulations,in one national daily newspaper with wide circulation.35. IMPERSONATION: Attention of the Applicants is specifically drawn to the provisions of sub-section(1) of Section 68 A of the Companies Act, which is reproduced below: “Any person who: (a) makes in afictitious name, an application to a company for acquiring or subscribing for, any shares therein, or (b)otherwise induces a company to allot, or register any transfer of shares, therein to him, or any otherperson in a fictitious name, shall be punishable with imprisonment for a term which may extend to fiveyears.”36. Issue of Letter of Allotment: Letter(s) of Allotment will be dispatched at the sole risk of the Applicant,through registered post, within 10 weeks from the date of closure of the Issue, or such extended time as may bepermitted under Applicable Laws.37. Utilisation of Application Money: The sums received in respect of the Issue will be kept in the EscrowAccount and we will have access to such funds after creation of security for the Tranche 3 Bonds as disclosed inthe Prospectus - Tranche 3.38. Undertaking by the Issuer: The Company undertakes that: (a) the complaints received in respect of theIssue shall be attended to by the Company expeditiously and satisfactorily; (b) the Company shall takenecessary steps for the purpose of getting the Tranche 3 Bonds listed in the concerned stock exchange(s)within the specified time; (c) the funds required for dispatch of refund orders/Allotment letters/certificates byregistered post shall be made available to the Registrar to the Issue by the Company; (d) necessary cooperationto the credit rating agency(ies) shall be extended in providing true and adequate information till the debt obligationsin respect of the Tranche 3 Bonds are outstanding; (e) the Company shall forward the details of utilisation of thefunds raised through the Tranche 3 Bonds duly certified by its statutory auditors, to the Debenture Trustee at theend of each half year; (f) the Company shall disclose the complete name and address of the Debenture Trusteein its annual report; (g) the Company shall provide a compliance certificate to the Debenture Trustee (on yearlybasis) in respect of compliance with the terms and conditions of issue of Tranche 3 Bonds as contained in theProspectus - Tranche 3.FOR FURTHER DETAILS, PLEASE REFER TO THE PROSPECTUS - TRANCHE 3REGISTRAR TO THE ISSUEJM FINANCIAL CONSULTANTS PRIVATE LIMITED141 Maker Chambers III,Nariman Point,Mumbai - 400021Tel: (91 22) 6630 3050Fax: (91 22) 2204 7185Email: idfcbondissue3@jmfinancial.inInvestor Grievance Email: grievance.ibd@jmfinancial.inWebsite: www.jmfinancial.inContact Person: Ms. Lakshmi LakshmananCompliance Officer:Mr. Chintal SakariaSEBI Registration No.: INM000010361ICICI SECURITIES LIMITEDICICI CentreH.T. Parekh Marg, ChurchgateMumbai 400 020Tel: (91 22) 2288 2460Fax: (91 22) 2282 6580Email: idfcbonds@icicisecurities.comInvestor Grievance Email: customercare@icicisecurities.comWebsite: www.icicisecurities.comContact Person: Mr. Sumit Agarwal / Mr. Vishal KanjaniCompliance Officer: Mr. Subir SahaSEBI Registration No.: INM000011179ENAM SECURITIES PRIVATE LIMITED801/ 802, Dalamal TowersNariman PointMumbai 400 021, IndiaTel: (91 22) 6638 1800Fax: (91 22) 2284 6824E-mail: idfcbonds@enam.comInvestor Grievance Email: complaints@enam.comWebsite: www.enam.comCompliance Officer: M. NatarajanContact Person: Sonal SinhaSEBI Reg. No.: INM000006856KARVY INVESTOR SERVICES LIMITED2nd Floor, Regent Chambers,Nariman Point,Mumbai - 400 021Tel: (91 22) 2289 5000Fax: (91 22) 3020 4040Email: idfcinfrabonds3@karvy.comInvestor Grievance Email: idfcinfrabonds3@karvy.comWebsite: www.karvy.comCompliance Officer: Mr. Rajnish RangariContact Person: Ms. Menka JhaSEBI Registration No.: INM000008365RISK FACTORSunder Indian GAAP.RISKS RELATING TO OUR BUSINESS1. Infrastructure financing carries certain risks which, to the extent they materialize, could adversely affectour business and result in our loans and investments declining in value.: Our business consists primarily ofproject finance, principal investments, asset management, financial markets and investment banking and advisoryservices, principally relating to the infrastructure sector in India. Infrastructure financing is characterized by projectspecificrisks as well as general risks. These risks are generally beyond our control, and include: ● political, regulatoryand legal actions that may adversely affect project viability; ● interruption or disruption in domestic or internationalfinancial markets, whether for equity or debt funds; ● changes in our credit ratings;IDFC CAPITAL LIMITED *Naman Chambers, C-32G-Block, Bandra- Kurla ComplexBandra (East), Mumbai 400 051Tel: (91 22) 6622 2600Fax: (91 22) 6622 2501E-mail: idfc.publicissue@idfc.comInvestor Grievance Email: complaints@idfc.comWebsite: www.idfccapital.comCompliance Officer: Pritesh DedhiaContact Person: Cyril PaulSEBI Reg. No.: INM000011336KARVY COMPUTERSHARE PRIVATE LIMITEDPlot no. 17-24,Vithalrao NagarMadhapur,Hyderabad 500 081Tel: (91 40) 2342 0815 - 28Fax: (91 40) 2343 1551Email: idfc3_infra@karvy.comInvestor Grievance Email:idfc3_infra@karvy.comWebsite: http:/karisma.karvy.comContact Person: M. Murali KrishnaSEBI Registration No.: INR000000221*IDFC Capital Limited, which is a subsidiary of the Company, shall only be involved in marketing of the Issue.COMPLIANCE OFFICER : Mahendra N. Shah, Company Secretary, Naman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051, Tel: (91 22) 4222 2000, Fax: (91 22) 2654 0354, Email: infrabond3@idfc.comInvestors may contact the Registrar to the Issue or the Compliance Officer in case of any pre-issue or post Issue related issues such as non-receipt of letters of allotment, demat credit or refund orders.DEBENTURE TRUSTEE : IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17. R. Kamani Marg, Ballard Estate, Mumbai 400 001, Tel: (91 22) 4080 7022/ (91 22) 4080 7000, Fax: (91 22) 6631 1776, E-mail: itsl@idbitrustee.co.in / srikkanth.s@idbitrustee.co.in/brindha@ idbitrustee.co.in, Contact Person:Mr. Srikkanth S./Ms. Brindha V., SEBI Reg. No.: IND00000460All the rights and remedies of the Bondholders under this Issue shall vest in and shall be exercised by the appointed Debenture Trustee for this Issue without having it referred to the Bondholders, subject to the terms of the Debenture Trust Deed. All investors under this Issue are deemed to have irrevocably given their authority and consentto the Debenture Trustee so appointed by the Company for this Issue to act as their trustee and for doing such acts and signing such documents to carry out their duty in such capacity. Any payment by the Company to the Bondholders / Debenture Trustee, as the case may be, shall, from the time of making such payment, completely andirrevocably discharge the Company pro tanto from any liability to the Bondholders. For details on the terms of the Debenture Trust Deed, please refer to the section entitled “Terms of the Issue” on page 109 of the Prospectus - Tranche 3.STATUTORY AUDITOR : Deloitte Haskins & Sells, Chartered Accountants, 12, Dr. Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai 400 018, Tel: (91 22) 6667 9000, Fax: (91 22) 6667 9100,CREDIT RATING AGENCY: ICRA Limited, Electric Mansion, 3 rd Floor, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025, Tel: (91 22) 3047 0000, Fax: (91 22) 2433 1390, Email: karthiks@icraindia.com, Website: www.icra.in, Contact Person: Karthik Srinivasan; Fitch Ratings India Private Limited, Apeejay House,6 th Floor, 3 Dinshaw Vachha Road, Churchgate, Mumbai 400 020, Tel: (91 22) 4000 1700, Fax: (91 22) 4000 1701, Email: rajesh.patel@fitchratings.com, Website: www.fitchratings.com, Contact Person: Rajesh PatelLEGAL ADVISOR TO THE ISSUE : Amarchand & Mangaldas & Suresh A. Shroff & Co., Peninsula Chambers, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400 013, Tel: (91 22) 2496 4455, Fax: (91 22) 2496 3666BANKERS TO THE ISSUE: Axis Bank Limited, Fortune 2000, Ground Floor, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051, Tel: (91 22) 6148 3111, 09167002303, Fax: (91 22) 3062 0069, Email:muneeb.tungekar@axisbank.com, Website: www.axisbank.com, Contact Person: Mr. Muneeb Tungekar, SEBI RegNo.: INBI00000017; HDFC Bank Limited, FIG-OPS Department, Lodha, I Think Techno Campus, O – 3 Level, Next to Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai 400 042, Tel: (91 22) 3075 2928, Fax: (91 22) 2479 9801, Email: deepak.rane@hdfcbank.com, Website: www.hdfcbank.com, Contact Person: Deepak Rane, SEBIReg No.: NBI00000063; ICICI Bank Limited, Capital Markets Division, 30, Mumbai Samachar Marg, Mumbai 400 001, Tel: (91 22) 6631 0322 /11, Fax: (91 22) 6631 0350/22611138, Email:viral.bharani@icicibank.com, Website:www.icicibank.com, Contact Person: Viral Bharani, SEBI Reg No.: INBI00000004; IDBI Bank Limited, Unit No.2,Corporate Park, Near Swastik Chambers, Sion-Trombay Road, Chembur, Mumbai 400 071, Tel: (91 22) 66908402, Fax: (91 22) 66908424, Email : ipoteam@idbi.co.in, Website: www.idbibank.com, Contact Person: M N Kamat, SEBI Reg. No. : INBI00000076; Dhanalakshmi Bank Limited, Janmabhoomi Bhavan, Janmabhoomi Marg,Mumbai 400 001, Tel: (91 22) 22022535 / 61541857, Fax: (91 22) 22871637 / 61541725, Email: venkataraghavan.ta@ dhanbank.co.in, Website: www.dhanbank.com, Contact Person: Venkataraghavan T. A. , SEBI Reg. No.: INBI00000025; IndusInd Bank Limited, Sonawalla Building, 57, Mumbai Samachar Marg, Fort, Mumbai 400001, Tel: (91 22) 6636 6589/91/92, Fax: (91 22) 6636 6590, Email: yogesh.adke@indusind.com, amit.talwar@indusind.com, Website: www.indusind.com, Contact Person: Yogesh Adke/ Amit Talwar , SEBI Reg. No.: INBI0000002; ING Vysya Bank Limited, 8 th floor, Plot No. C -12, G Block, Bandra Kurla Complex, Bandra (East), Mumbai400 051, Tel: (91 22) 33095868 / 9820385016, Fax: (91 22) 26522812, Email: amit.kavale@ingvysyabank.com, Website: www.ingvysyabank.com, Contact Person: Mr. Amit Kavale, SEBI Reg. No.: INBI00000022You should carefully consider all the information in this Prospectus - Tranche 3, including the risks and uncertaintiesdescribed below, and in the sections entitled “Our Business” on page 64 as well as the financial statements containedin this Prospectus - Tranche 3, before making an investment in the Tranche 3 Bonds. The risks and uncertaintiesdescribed in this section are not the only risks that we currently face. Additional risks and uncertainties not known tous or that we currently believe to be immaterial may also have an adverse effect on our business, results of operationsand financial condition. If any of the following or any other risks actually occur, our business, prospects, results ofoperations and financial condition could be adversely affected and the price of, and the value of your investment in,the Tranche 3 Bonds could decline and you may lose all or part of your investment. The financial and other relatedimplications of risks concerned, wherever quantifiable, have been disclosed in the risk factors mentioned below.However, there are certain risk factors where the effect is not quantifiable and hence has not been disclosed in suchrisk factors. The numbering of risk factors has been done to facilitate the ease of reading and reference, and does notin any manner indicate the importance of one risk factor over another. You should not invest in this Issue unless youare prepared to accept the risk of losing all or part of your investment, and you should consult your tax, financial andlegal advisors about the particular consequences to you of an investment in the Tranche 3 Bonds. Unless otherwisestated, our financial information used in this section is derived from our audited consolidated financial statements● changes in government and regulatory policies;● delays in implementation of government plans and policies; ●delays in obtaining regulatory approvals for, and the construction and operation of, projects; ● adverse changes inmarket demand or prices for the products or services that the project, when completed, is expected to provide;● theunwillingness or inability of consumers to pay for infrastructure services; ● shortages of, or adverse price developmentsfor, raw materials and key inputs such as metals, cement, steel, oil and natural gas; ● unavailability of financing atfavourable terms, or at all; ● potential defaults under financing arrangements with our lenders and investors; ● potentialdefaults under financing arrangements with our borrowers or the failure of third parties to perform their contractualobligations; ● emergence of strong or large competitors eligible for benefits that we are not eligible for; ● adversedevelopments in the overall economic environment in India; ● adverse liquidity, interest rate or currency exchangerate fluctuations or changes in financial or tax regulations; and ● economic, political and social instability or occurrencessuch as natural disasters, armed conflict and terrorist attacks, particularly where projects are located or in the marketsthey are intended to serve. To the extent these or other risks relating to our activities in the infrastructure sectormaterialize, the quality of our asset portfolio and our business, prospects, results of operations and financial conditioncould be adversely affected.2. The private infrastructure development industry in India is still at a relatively early stage of developmentand is linked to the continued growth of the Indian economy, the sectors on which we focus, and stable andexperienced regulatory regimes.: Although infrastructure is a rapidly growing sector in India, we believe that thefurther development of India’s infrastructure is dependent upon the formulation and effective implementation ofprograms and policies that facilitate and encourage private sector investment in infrastructure. Many of these programsINFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED5

6IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS - TRANCHE 3INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITEDand policies are evolving and their success will depend on whether they are designed to properly address the issuesfaced and are effectively implemented. Additionally, these programs will need continued support from stable andexperienced regulatory regimes that not only stimulate and encourage the continued movement of private capitalinto infrastructure development, but also lead to increased competition, appropriate allocation of risk, transparency,effective dispute resolution and more efficient and cost-effective services to the end consumer. The availability ofprivate capital and the continued growth of the infrastructure development industry in India are also linked to continuedgrowth of the Indian economy. Many specific factors within each industry sector may also influence the success of theprojects within those sectors, including changes in policies, regulatory frameworks and market structures. Any suddenand adverse change in the policies relating to sectors, in which we intend to invest, may leave us with unutilizedcapital and interest and debt obligations to fulfil. While there has been progress in sectors such as energy, transportationand telecommunications and information technology, other sectors such as the commercial and industrial infrastructuresector and tourism have not progressed to the same degree. Further, since infrastructure services in India havehistorically been provided by the central and state governments without charge or at a low charge to consumers, thegrowth of the infrastructure industry will be affected by consumers’ income levels and the extent to which they wouldbe willing to pay or can be induced to pay for infrastructure services. This would depend, to a large extent, on thequality of services provided to consumers. If the quality of infrastructure services provided to consumers, over whichwe have no control, are not as desired, income from infrastructure services would decline. This would lead to adecrease in demand for infrastructure financing, which in turn could adversely affect our business and operations. Ifthe central and state governments’ initiatives and regulations in the infrastructure industry do not proceed in thedesired direction, or if there is any downturn in the macroeconomic environment in India or in specific sectors, ourbusiness, prospects, results of operations and financial condition could be adversely affected.3. As part of our growth strategy, we have diversified our business operations to increase the emphasis onfee-based revenue streams such as asset management, financial markets, and investment banking andadvisory services. Our diversification led growth initiatives are susceptible to various risks that may limitour growth and diversification.: Our business strategy involves substantial expansion of our current businesslines, as well as diversification into new business areas. Our aim is to preserve our market position as an infrastructurelender of choice and to also increase the non-interest and fee-earning aspects of our business. Our growth initiativescarry execution risks, and factors that may limit the success of our growth and diversification include: ● significantdemands on our management as well as our financial, accounting and operating resources. As we grow and diversify,we may not be able to implement our business strategies effectively and our new initiatives could divert managementresources from areas in which they could be otherwise better utilized; ● our inability to identify suitable projects in thefuture, particularly for our principal investments, private equity, project equity and infrastructure development businesses.● our limited experience in these new businesses, which may prevent us from competing effectively with establishedand new competitors in these areas. We will face significant competition from commercial banks, investment banks,private equity and venture capital firms and established infrastructure developers. As we seek to diversify our businessoperations, we will face the risk that some of our competitors may be more experienced in or have a deeperunderstanding of these businesses or have better relationships with potential clients; and ● diversified businessoperations may make forecasting revenue and operating results difficult, which impairs our ability to manage businessesand shareholders’ ability to assess our prospects. If we are unable to overcome these obstacles and are unsuccessfulin executing our diversification and growth strategy, our business, prospects, results of operations and financialcondition could be adversely affected.Further, on June 23, 2010, the RBI classified our Company as an InfrastructureFinance Company, or IFC. In order to maintain such status, we are required to keep a minimum percentage of totalassets continuously deployed in infrastructure loans. This may restrain us from diversifying in and developing otherbusiness segments.4. If we are unable to manage our rapid growth effectively, our business, prospects, results of operationsand financial condition could be adversely affected.: Our business has grown rapidly since we began operationsin 1997. From fiscal 2008 to fiscal 2010, our balance sheet, total income and profit after tax on a consolidated basisincreased at a compounded annual growth rate of 9.5 per cent., 20.3 per cent. and 19.6 per cent., respectively. Weintend to continue to grow our business rapidly, which could place significant demands on our operational, credit,financial and other internal risk controls. Our growth may also exert pressure on the adequacy of our capitalization,making management of asset quality increasingly important. Our asset growth will be primarily funded by the issuanceof new debt and occasionally, new equity. We may have difficulty obtaining funding on suitable terms or at all. As weare a systemically important non-deposit accepting NBFC and do not have access to deposits, our liquidity andprofitability are dependent on timely and adequate access to capital, including borrowings from banks. Increase indebt would lead to leveraging the balance sheet, exerting pressure on the financial covenants that we are required tomaintain under our various loan agreements. We cannot assure you that we would continue to be in compliance withloan agreements’ conditions. Any default under a loan agreement may lead to an adverse impact on our financialcondition and results of operations. The exposure (both lending and investment, including off balance sheet exposures)of a bank to IFCs cannot exceed 15.0 per cent. (the “Specified Exposure Limit”) of the bank’s capital funds as persuch bank’s last audited balance sheet. Banks may, however, assume exposures to IFCs up to 20.0 per cent.provided, however, that a bank’s exposure in excess of the Specified Exposure Limit is on account of funds on-lent bythe IFCs to the infrastructure sector. Banks may also fix internal limits for their aggregate exposure to all NBFCs(including IFCs) put together. Although the Specified Exposure Limit is in excess of the permitted bank exposurelevels to NBFCs that are not IFCs, the restrictions applicable to us may impact our ability to obtain adequate fundingfrom Indian banks. Further, our growth also increases the challenges involved in preserving a uniform culture, valuesand work environment; and developing and improving our internal administrative infrastructure. Addressing thechallenges arising from our growth entails substantial senior level management time and resources and would putsignificant demands on our management team and other resources. As we grow and diversify, we may not be able toimplement, manage or execute our strategy efficiently in a timely manner or at all, which could adversely affect ourbusiness, prospects, results of operations, financial condition and reputation.5. Our growth strategy includes pursuing strategic alliances and acquisitions, which may prove difficult tomanage or may not be successful.: Part of our growth strategy includes pursuing strategic acquisitions and alliances.For instance, we have in the last few years acquired capabilities in investment banking, institutional brokerage andpublic markets asset management through inorganic acquisitions. Although, as of the date hereof, we have notentered into any letter of intent, memorandum of understanding or other contract for any such acquisition or alliance,we continue to seek such strategic acquisitions in future. However, we cannot assure you that we will be able toconsummate acquisitions or alliances on terms acceptable to us, or at all. In particular, an acquisition or allianceoutside India may be subject to regulatory approvals which may not be received in a timely manner, or at all. Inaddition, we cannot assure you that the integration of any future acquisitions will be successful or that the expectedstrategic benefits or synergies of any future acquisitions or alliances will be realized. Acquisitions or alliances mayinvolve a number of special risks, including, but not limited to: ● outflow of capital as consideration of acquisition andtemporary unavailability of capital for financing operations; ● adverse short-term effects on our reported operatingresults; ● higher than anticipated costs in relation to the continuing support and development of acquired companiesor businesses; ● inheritance of litigation or claims; ● impact of acquisition financing on our financial position; ● diversionof management’s attention; ● requirement of prior lender consent for acquisition; ● difficulties assimilating and integratingthe processes, controls, facilities and personnel of the acquired business with our own; ● covenants that may restrictour business, such as non-compete clauses; and ● unanticipated liabilities or contingencies relating to the acquiredcompany or business. Further, such investments in strategic alliances and acquisitions may be long-term in natureand may not yield returns in the short to medium term. We may from time to time evaluate and change our strategiesrelated to such investments. Thus, our inability in managing alliances and acquisitions may have an adverse impacton business, liquidity and results of operations.6. Our access to liquidity is susceptible to adverse conditions in the domestic and global financial markets.:Since the second half of 2007, the global credit markets have experienced, and may continue to experience, significantdislocations and liquidity disruptions, which have originated from the liquidity disruptions in the United States and theEuropean credit and sub-prime residential mortgage markets. During fiscal 2009, we had to operate in a liquiditycrunch, especially during September, October and November 2008, and had fewer opportunities to finance or provideservices to the infrastructure sector, resulting in a considerable slowdown in our business activities during fiscal 2009.These and other related events, such as the collapse of a number of financial institutions, have had and continue tohave a significant adverse impact on the availability of credit and the confidence of the financial markets, globally aswell as in India. There can be no assurance that we will be able to secure additional financing required by us onadequate terms or at all. In response to such developments, legislators and financial regulators in the United Statesand other jurisdictions, including India, have implemented a number of policy measures designed to add stability tothe financial markets. However, the overall impact of these and other legislative and regulatory efforts on the globalfinancial markets is uncertain, and they may not have the intended stabilising effects. Furthermore, pre-emptiveactions taken by the RBI in response to the market conditions in the second half of fiscal 2009, especially theprovision of liquidity support and a reduction in policy rates, may not continue in the future and there can be noassurance that we will be able to access the financial markets for liquidity if needed. In the event that the currentdifficult conditions in the global credit markets continue or if there are changes in statutory limitations on the amountof liquidity we must maintain or if there is any significant financial disruption, such conditions could have an adverseeffect on our business, prospects, results of operations and financial condition.7. We have significant exposure to certain sectors and to certain borrowers and if certain assets becomenon-performing, the quality of our asset portfolio may be adversely affected.: As of December 31, 2010, ourthree largest sector-wise exposures were in the energy, transportation sectors and telecommunications and informationtechnology, which in the aggregate constituted 89.3 per cent. of our total exposure of Rs. 575,584.8 million, followedby the commercial and industrial infrastructure and other sectors, which constituted 10.7 per cent. Additionally, ourconcentration within these sectors was also significant. Any negative trends or adverse developments in the energy,transportation, telecommunications and information technology and the commercial and industrial infrastructure sectors,particularly those that may affect our large borrowers, could increase the level of non-performing assets in ourportfolio and adversely affect our business and financial performance. For the foreseeable future, we expect tocontinue to have a significant concentration of assets in these sectors and to certain borrowers. Further, as ofDecember 31, 2010, our ten largest single borrowers in the aggregate accounted for 23.7 per cent. of our totalexposure and our ten largest borrower groups in the aggregate accounted for 45.6 per cent. of our total exposure.Credit losses on our significant single borrower and group exposures could adversely affect our business and financialperformance and the price of our Bonds. In addition, at present a majority of our income is in the form of interestincome received from our borrowers. Any default by our large borrowers may have an adverse impact on our liquidityposition and results of operations.8. As a consequence of our being regulated as an NBFC and an IFC, we will have to adhere to certainindividual and borrower group exposure limits under RBI regulations. : In addition to being a public financialinstitution under the Companies Act, since August 2006 our Company has been regulated by the RBI as an NBFCand as a systemically important non-deposit accepting NBFC pursuant to a notification dated December 13, 2006. Interms of the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (ReserveBank) Directions, 2007, as amended (the “Prudential Norms Regulations”) our Company was required to change themanner of calculating its exposure limits. In the past, our Company had exceeded the exposure limits for individualand borrower groups in certain cases and a letter to ensure compliance with the exposure norms was issued to ourCompany by the RBI. Further, on June 23, 2010, our Company has been classified as an IFC by the RBI, whichclassification is subject to certain conditions including 75.0 per cent. of the total assets of such NBFC being deployedin infrastructure loans (as defined under the Prudential Norms Regulations), net owned funds of Rs. 3,000.0 millionor more, a minimum credit rating of “A” or an equivalent credit rating of CRISIL, FITCH, CARE or ICRA or any otheraccrediting rating agency and a capital to risk-weighted asset ratio of 15.0 per cent. As an IFC, our single borrowerlimit for infrastructure lending is 25.0 per cent. compared to 20.0 per cent. for an NBFC that is not an IFC, and oursingle group limit for infrastructure lending is 40.0 per cent. compared to 35.0 per cent. for an NBFC that is not an IFC.Our Company’s inability to continue being classified as an IFC may impact our growth and expansion plans byaffecting our competitiveness in relation to our Company’s competitors. In the event that our Company is unable tocomply with the exposure norms within the specified time limit, or at all, we may be subject to regulatory actions by theRBI including the levy of fines or penalties and/or the cancellation of our registration as an NBFC or IFC. OurCompany cannot assure you that it may not breach the exposure norms in the future. Any levy of fines or penalties orthe cancellation of our registration as an NBFC or IFC by the RBI due to the breach of exposure norms may adverselyaffect our business, prospects, results of operations and financial condition. At present, certain of our business andexpansion plans are contingent upon our IFC status, and could be affected in the event we are unable to maintainIFC status. Further, as an IFC, we will have to constantly monitor our Company’s compliance with the necessaryconditions, which may hinder our future plans to diversify into new business lines. Pursuant to current regulations onprudential norms issued by the RBI, our Company is required to comply with other norms such as capital adequacy,credit concentration and disclosure norms along with reporting requirements. We cannot assure you that we will beable to continue to comply with such norms, and non-compliance, if any, may subject us to regulatory action.9. We are affected by volatility in interest rates for both our lending and treasury operations, which couldcause our net interest income to decline and adversely affect our return on assets and profitability.: Ourbusiness is dependent on interest income from our infrastructure loans. Accordingly, we are affected by volatility ininterest rates in our lending operations. Being a non-deposit accepting NBFC, our Company is exposed to greaterinterest rate risk compared to banks or deposit accepting NBFCs. Interest rates are highly sensitive to many factorsbeyond our control, including the monetary policies of the RBI, deregulation of the financial sector in India, domesticand international economic and political conditions and other factors. Due to these factors, interest rates in India havehistorically experienced a relatively high degree of volatility. If interest rates rise we may have greater difficulty inmaintaining a low effective cost of funds compared to our competitors which may have access to low-cost depositfunds. Further, in case our borrowings are linked to market rates, we may have to pay interest at a higher rate ascompared to other lenders. Fluctuations in interest rates may also adversely affect our treasury operations. In a risinginterest rate environment, especially if the rise were sudden or sharp, we could be adversely affected by the declinein the market value of our securities portfolio and other fixed income securities. In addition, the value of any interestrate hedging instruments we may enter into in the future would be affected by changes in interest rates. Wheninterest rates decline, we are subject to greater repricing and prepayment risks as borrowers take advantage of theattractive interest rate environment. When assets are repriced, our spread on our loans, which is the differencebetween our average yield on loans and our average cost of funds, could be affected. During periods of low interestrates and high competition among lenders, borrowers may seek to reduce their borrowing cost by asking lenders toreprice loans. If we reprice loans, our results may be adversely affected in the period in which the repricing occurs. Ifborrowers prepay loans, the return on our capital may be impaired as any prepayment premium we receive may notfully compensate us for the redeployment of such funds elsewhere. Further, the majority of the loans provided by usare long-term in nature and may not have escalation clauses and may be on a fixed rate basis. Any increase ininterest rates over the duration of such loans may result in us losing interest income. Our inability to effectively andefficiently manage interest rate variations may adversely affect our result of operations and profitability.10. We cannot assure you that we will be able to adequately manage our interest rate risk in the future, andour inability to do so may have an adverse effect on our net interest income. We could face asset-liabilitymismatches, which could affect our liquidity position.: Our asset-liability management policy categorizes allinterest rate sensitive assets and liabilities into various time period categories according to contracted residual maturitiesor anticipated repricing dates, as may be relevant in each case. The difference between the value of assets andliabilities maturing, or being repriced, in any time period category provides the measure to which we are exposed tothe risk of potential changes in the margins on new or repriced assets and liabilities. Despite the existence of suchmeasures, our liquidity position could be adversely affected by the development of an asset-liability mismatch, whichcould have an adverse effect on our business, prospects, results of operations, financial condition and asset quality.11. The infrastructure financing industry is becoming increasingly competitive and our growth will dependon our ability to compete effectively.: Competition in our industry depends on, among other things, the ongoingevolution of Government policies relating to the industry, the entry of new participants into the industry and the extentto which there is consolidation among banks, financial institutions and NBFCs in India. Our primary competitors arepublic sector banks, private banks (including foreign banks), financial institutions and other NBFCs. Many of ourcompetitors may have larger resources or balance sheet sizes than us. Additionally, since our Company is a nondepositaccepting NBFC, we may have restricted access to capital in comparison to banks. Our ability to competeeffectively is dependent on our ability to maintain a low effective cost of funds. With the growth of our business, weare increasingly reliant on funding from the debt markets and commercial borrowings. The market for such funds iscompetitive and our ability to obtain funds on acceptable terms or at all will depend on various factors including ourability to maintain our credit ratings. If we are unable to access funds at an effective cost that is comparable to orlower than our competitors, we may not be able to offer competitive interest rates for our infrastructure loans. This isa significant challenge for us, as there are limits to the extent to which higher costs of funds can be passed on toborrowers, thus potentially affecting our net interest income. We also face significant competition in the public marketsasset management, investment banking and institutional brokerage and infrastructure development businesses whichwe have acquired or established over the last few years. Our competitors in these businesses may be substantiallylarger and may have considerably greater financing resources than those available to us. Also, some of our competitorsmay have greater technical, marketing and other resources and greater experience in these businesses. Suchcompetitors also compete with us for management and other human resources and operational resources andcapital.12. We make equity investments, which can be volatile and may not be recovered. : As of December 31, 2010,the book value of our quoted equity investments accounted for 0.9 per cent. of our total assets. The value of theseinvestments depends on the success of the operations and management and continued viability of the investeeentities. We may have limited control over the operations or management of these entities and some of theseinvestments are unlisted, offering limited exit options. Therefore, our ability to realize expected gains as a result of ourequity investments is highly dependent on factors outside of our control. Write-offs or write-downs in respect of ourequity portfolio could adversely affect our business, prospects, results of operations, financial condition and assetquality.13. If the level of non-performing assets in our portfolio were to increase, our business will be adverselyaffected.: As of December 31, 2010, our gross and net non-performing loans were Rs. 797.3 million and Rs. 389.1million, respectively. These represent 0.2 per cent. and 0.1 per cent. of our total loan assets, respectively. Ourprovision for contingencies of 1.7 per cent. of total loan assets as of December 31, 2010 may not be indicative of theexpected quality of our asset portfolio if risks affecting a significant portion of our exposure were to materialize orgeneral economic conditions deteriorate. We expect the size of our asset portfolio to continue to increase in thefuture, and we may have additional non-performing assets on account of these new loans and sectoral exposures. Ifwe are not able to prevent increases in our level of non-performing assets, our business, prospects, results ofoperations, financial condition and asset quality could be adversely affected.14. Failure to recover the expected value of collateral when borrowers default on their obligations to us mayadversely affect our financial performance.: As of December 31, 2010, most of our loans were secured by projectassets. For debt provided on a senior basis (comprising 99.0 per cent. of the value of our outstanding disbursements),we generally have a first ranking charge on the project assets. For loans provided on a subordinated basis, wegenerally have a second ranking charge on the project assets. Although we seek to maintain a collateral value to loanratio of at least 100.0 per cent. for our secured loans, an economic downturn or the other project risks described inthis section could result in a fall in collateral values. Moreover, foreclosure of such collateral may require court ortribunal intervention that may involve protracted proceedings and the process of enforcing security interests againstcollateral can be difficult. Additionally, the realizable value of our collateral in liquidation may be lower than its bookvalue. Further, a significant portion of our outstanding disbursements were made on a non-recourse or limited recoursebasis. With respect to disbursementsmade on a non-recourse basis, only the related project assets are available torepay the loan in the event the borrowers are unable to meet their obligations under the loan agreements. Withrespect to disbursements made on a limited recourse basis, project sponsors generally give undertakings for fundingshortfalls and cost overruns. We cannot guarantee that we will be able to realize the full value of our collateral, due to,among other things, defects in the perfection of collateral, delays on our part in taking immediate action in bankruptcyforeclosure proceedings, stock market downturns, claims of other lenders, legal or judicial restraint and fraudulenttransfers by borrowers. In the event a specialized regulatory agency gains jurisdiction over the borrower, creditoractions can be further delayed. In addition, to put in place an institutional mechanism for the timely and transparentrestructuring of corporate debt, the RBI has devised a corporate debt restructuring system. The applicable RBIguidelines envisage that for debt amounts of Rs. 100.0 million and above, where recovery suits have been filed bythe creditors, lenders constituting at least 60.0 per cent. of the total number of lenders and holding more than75.0 per cent. of such debt can decide to restructure the debt and such a decision would be binding on the remaininglenders. In situations where other lenders constitute 60.0 per cent. of the total number of lenders and own more than75.0 per cent. of the debt of a borrower, we could be required by the other lenders to agree to restructure the debt,regardless of our preferred method of settlement. Any failure to recover the expected value of collateral security couldexpose us to a potential loss. Apart from the RBI guidelines, we may be a part of a syndicate of lenders the majorityof whom elect to pursue a different course of action than we would have chosen. Any such unexpected loss couldadversely affect our business, prospects, results of operations and financial condition.15. As an infrastructure lending institution, we have received certain tax benefits in the past as a result of thetype of lending operations we conduct. These benefits are gradually being made unavailable, which couldadversely affect our profits.: We, as well as infrastructure projects that we finance, have benefited from certain taxregulations and incentives that accord favourable treatment to infrastructure-related activities. As a consequence,our operations have been subject to relatively low tax liabilities. In fiscal 2008, 2009 and 2010, our effective tax rates(net of deferred tax) were 24.8 per cent., 26.9 per cent. and 25.7 per cent., respectively, compared to the marginalrate of tax of 33.99 per cent. in each of these three fiscal years, including applicable surcharges and cess that wouldhave been applicable to us if these benefits were not made available to us. We cannot assure you that we wouldcontinue to be eligible for such lower tax rates or any other benefits. In addition, it is likely that the Direct Tax Code,once introduced, could significantly alter the taxation regime, including incentives and benefits, applicable to us orother infrastructure development activities. If the laws or regulations regarding the tax benefits applicable to us or theinfrastructure sector as a whole were to change, our taxable income and tax liability may increase, which wouldadversely affect our financial results. Additionally, if such tax benefits were not available, infrastructure projects couldbe considered less attractive which could negatively affect the sector and be detrimental to our business, prospects,results of operations and financial condition.16. Our income and profit from our public markets asset management and project equity business is largelydependent on the value and composition of assets under management, which may decline because offactors outside our control. : Our income and profit from our public markets asset management and project equitybusiness is dependent on the total value and composition of assets under our management (“AUM”), as ourmanagement fees are usually calculated as a percentage of the AUM. Any decrease in the value or composition ofAUM will cause a decline in our income and profit. The AUM may decline or fluctuate for various reasons, many ofwhich are outside our control. Factors that could cause the AUM and income to decline include the following:●Declines in the Indian equity markets: The AUM for our equity funds, and, to a lesser extent, our balanced/hybridfunds are concentrated in the Indian equity markets. As such, declines in the equity markets or the market segmentsin which our investment portfolios are concentrated will cause AUM to decline. The equity markets in India arevolatile, which contributes and will continue to contribute to fluctuations in our AUM.● Changes in interest rates anddefaults: Many of our funds invest in fixed income securities, including short-term money market instruments. Thevalue of fixed income securities may decline as a result of changes in interest rates, an issuer’s actual or perceivedcreditworthiness or an issuer’s ability to meet its obligations.● Redemptions and withdrawals: Clients, in response tomarket conditions, inconsistent or poor investment performance, the pursuit of other investment opportunities, or anyother factors, may reduce their investments in our funds or potential clients may avoid the market segments in whichour funds are concentrated. In a declining market, the price of redemptions may accelerate rapidly. Most of our equityand balanced/hybrid funds are open-ended funds, such that clients can redeem their units any time. Some of ourincome and liquid closed-ended funds have a short duration, so after the life of the fund, clients may choose not toreinvest in our funds and seek alternative forms of savings. If any of our funds face a lack of liquidity, although wehave no legal obligation to do so, in order to protect the IDFC brand name, we may need to provide monies to suchfunds. Further, as compared to our other businesses, the public markets asset management involves direct interactionwith retail customers who are sensitive to our brand image. Retail customers may, in response to any negativeperception of our brand image, reduce their investments in our funds or avoid the market segments in which ourfunds are concentrated or choose not to reinvest in our funds and seek alternative forms of savings, all of which couldadversely affect our business, prospects, results of operations, financial condition and reputation. The rates formanagement fees differ depending on the type of fund and product. For example, fee levels for equity and balanced/hybrid funds are generally higher than the fee levels for income and liquid funds. Fee levels for debt funds varysignificantly depending on market conditions and the type of fund. Accordingly, the composition of AUM also substantiallyaffects the level of our income. Further, regulatory intervention on the entry and exit loads and the fees chargeableunder different schemes, have been considerable in the recent past. We cannot assure you that such actions wouldnot continue in future. Any such actions may limit our income, increase expenses and may have a material adverseeffect on our profitability and results of operations. The amount of expenses funds can charge is also usually basedon a percentage of AUM. Any expense incurred by us in excess of the pre-determined percentage that can becharged to the funds would be met by the AMC. Accordingly, the value of AUM also can affect the level of ouroperating expenses. In addition, excluding any distribution costs, most of our costs do not vary directly with AUM orincome. As a result, our operating margins may fluctuate by a higher percentage than changes in income.17. Our investment funds business is subject to a number of risks and uncertainties.: Our subsidiary IDFCPrivate Equity Company Limited is the investment manager for three funds and manages a corpus of Rs. 59,918million. However, the corpus of one of the funds was reduced to Rs. 29,032 million by a resolution of the investorsdated November 9, 2010. The formal documentation to effect has been finalized and the corpus of the fund is now57,349.0 million. For more details of these funds, please see the section entitled “Our Business - Alternative AssetManagement” on page 74 of the Prospectus - Tranche 3. Existing and potential investors in our funds continuallyassess our investment funds’ performance, and our ability to raise capital for future investment funds will depend onour investment funds’ continued satisfactory performance. Fiscal 2010 witnessed low levels of activity in the performanceof our investment funds. If any of our investment funds were to perform poorly, the value of our assets undermanagement would decrease. This would also result in a reduction in our management and incentive fees andcarried interest. Moreover, we could experience losses on our investments as principal as a result of poor investmentperformance by our investment funds. This could adversely affect our ability to expand our funds business, which isone of the key elements of our strategy. Further, any adverse regulatory action in relation to the investment fundbusiness or the sector in which we have investments may have an adverse impact on our business and results ofoperations. Thus, if we are unable to manage foreseeable and unforeseen risks and uncertainties in our investmentmanagement, it could affect our overall profitability and performance.18. If the investment strategy for any of our funds goes out of favour with our clients, our income and profitmay be materially adversely affected.: Our investment strategy in relation to any of our funds could go out offavour with our clients for a number of reasons, such as our inability to formulate an appropriate investment strategy,incorrect presumption about risks and benefits, underperformance relative to market indices, competition or otherfactors. If our investment strategies were to go out of favour with our clients, it could potentially cause our clients toreduce the assets that we manage for them. However, it should be noted that the clients make firm commitments andcan only default in payment of their contributions, in which case the Company has the ability to forfeit units alreadysubscribed by them and allot the balance unsubscribed units to other eligible investor(s), subject to Company findingsuch investor(s). Our inability to formulate new investment strategies or offer new products promptly if market conditionschange or new opportunities arise also may adversely affect the growth of our AUM. A decrease in our AUM mayhave a material adverse effect on our business, prospects, results of operations and financial condition.19. We have a limited history with respect to acting as an infrastructure developer and we are subject to allof the business risks and uncertainties associated with commencing a new business in general, and withinfrastructure development in particular. : We established IDFC Projects Limited in 2007, to act as an infrastructuredeveloper. However, we have very limited experience in developing infrastructure projects and, as of the date of thisProspectus - Tranche 3, we have a majority interest in a company which is setting up a 1,050 MW coal-fired power

7IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS - TRANCHE 3INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITEDplant in Chhattisgarh. Our success as an infrastructure developer will depend, among other things, on our ability toattract and retain talented and experienced personnel and to build relationships with partners and co-developers. Wemay not have control over joint ventures incorporated for undertaking infrastructure projects. Additionally, we aresubject to all of the business risks and uncertainties associated with any new business enterprise, including the riskthat we will not achieve our objectives within the estimated time period, or at all. Any inability to effectively develop oroperate the projects, which we are developing or expect to develop, could adversely affect our business, prospects,results of operations and financial condition.20. Any infrastructure projects we develop will require significant capital expenditure for which we willrequire additional capital. If we are unable to obtain the necessary funds on acceptable terms, our growthplans could be adversely affected.: Our funding requirements for infrastructure projects that we seek to developthrough IDFC Projects Limited are likely to be substantial, and our ability to finance these plans are subject to anumber of risks, contingencies and other factors, some of which are beyond our control, including availability ofliquidity, general economic and capital markets conditions and our ability to obtain financing on acceptable terms, ina timely manner, or at all. Furthermore, adverse developments in the Indian credit markets or a reduced perceptionin the credit markets of our creditworthiness could increase our debt service costs and the overall cost of our funds.Additionally, due to the number of large scale infrastructure projects currently under development in India and increasedlending by banks and financial institutions to such projects, we may not be able to receive adequate debt funding oncommercially reasonable terms. We cannot assure you that debt or equity financing or our internal accruals will beavailable or sufficient to meet our capital expenditure requirements. Our ability to obtain the required capital onacceptable terms is subject to a variety of uncertainties, including: ● ● limitations on our ability to incur additional debt,including as a consequence of regulatory and contractual restrictions and prospective lenders’ evaluations of ourcreditworthiness and pursuant to restrictions on incurrence of debt in our existing and anticipated credit facilities; ●limitations on our ability to raise capital in the capital markets and conditions of the Indian, U.S. and other capitalmarkets in which we may seek to raise funds; and ● our future results of operations, financial condition and cashflows. Any inability to raise sufficient capital, or any delays in raising capital, to fund our infrastructure projects couldadversely affect our business, prospects, results of operations and financial condition.21. Material changes in the regulations that govern us could adversely affect our business andcompetitiveness.: We are subject to the Companies Act and are subject to detailed supervision and regulation bythe RBI and by the SEBI for certain of our activities. In addition, we are subject generally to changes in Indian law, aswell as to changes in regulation and government policies and accounting principles. We also receive certain benefitsfrom being notified as a public financial institution under the Companies Act and by virtue of operating in the infrastructuresector. Any amendments or other changes to the regulations governing us may require us to restructure our activitiesand/or incur additional expenses in complying with such laws and regulations and could materially and adverselyaffect our business, financial condition and results of operations. Further, our Company has recently been classifiedas an IFC, which entitles our Company to certain benefits, such as relaxed exposure norms, access to externalcommercial borrowings under the automatic route up to a certain percentage and increased access to lending bybanks. However, classification as an IFC is also subject to certain conditions including 75.0 per cent. of the totalassets of such NBFC being deployed in infrastructure loans (as defined under the Prudential Norms Regulations),net owned funds of Rs. 3,000.0 million or more, minimum credit rating of “A” or an equivalent credit rating of CRISIL,FITCH, CARE or ICRA or any other accrediting rating agency and CRAR of 15.0 per cent. Our Company’s inability tocontinue being classified as an IFC may impact our growth and expansion plans by affecting our competitiveness.22. We are subject to credit, market and liquidity risks, and if any such risks were to materialize, our creditratings and our cost of funds could be adversely affected.: To the extent any of the instruments and strategieswe use to hedge or otherwise manage our exposure to market or credit risks are not effective, we may not be able tomitigate effectively our risk exposures in particular market environments or against particular types of risks. Ourtrading revenues and interest rate risk are dependent upon our ability to properly identify, and mark to market,changes in the value of financial instruments caused by changes in market prices or rates. Our earnings are dependentupon the effectiveness of our management of migrations in credit quality and risk concentrations, the accuracy of ourvaluation models and our critical accounting estimates and the adequacy of our allowances for loan losses. To theextent our assessments, assumptions or estimates prove inaccurate or are not predictive of actual results, we couldincur higher than anticipated losses. The successful management of credit, market and operational risk is an importantconsideration in managing our liquidity risk because it affects the evaluation of our credit ratings by rating agencies.Rating agencies may reduce or indicate their intention to reduce the ratings at any time. For example, one of therating agencies had downgraded our debt grading from AAA to AA+ in July, 2009 and there can be no assurance thatwe may not experience such downgrade in the future. The rating agencies can also decide to withdraw their ratingsaltogether, which may have the same effect as a reduction in our ratings. Any reduction in our ratings (or withdrawalof ratings) may increase our borrowing costs, limit our access to capital markets and adversely affect our ability to sellor market our products, engage in business transactions, particularly longer-term and derivatives transactions, orretain our customers. This, in turn, could reduce our liquidity and negatively impact our operating results and financialcondition. In addition, as an IFC, banks’ exposures to us are risk-weighted in accordance with the ratings assigned tothe Company by the rating agencies registered with the SEBI and accredited by the RBI. Our classification as an IFCis dependent upon the credit rating we obtain and maintain. Although we believe that we have adequate riskmanagement policies and procedures in place, we may still be exposed to unidentified or unanticipated risks, whichcould lead to material losses.23. Our consolidated contingent liabilities not provided for could adversely affect our financial condition.:As of March 31, 2010, we had consolidated contingent liabilities not provided for of Rs. 11,161.2 million, includingRs. 6,896.6 million of capital commitments and Rs. 2,801.2 million of financial guarantees. We also had Rs. 723.7million of consolidated contingent liabilities as on March 31, 2010 which increased to Rs. 1,190.5 million of consolidatedcontingent liabilities on account of income tax disputes as on January 31, 2011. If these contingent liabilities fullymaterialize, our financial condition could be adversely affected. For further details of our contingent liabilities, pleasesee the section entitled “Financial Statements” beginning on page F-1 of the Prospectus - Tranche 3.24. Our success is dependent upon our management team and skilled personnel and our ability to attractand retain such persons.: Our future performance will be affected by the continued service of our managementteam and our ability to attract and retain skilled personnel. We also face a continuing challenge to recruit and retaina sufficient number of suitably skilled personnel, particularly as we utilize the experienced understanding of ourmanagement of risks and opportunities associated with our business, and continue to grow and broaden our businessactivities. Our diversification strategy with its emphasis on principal investments, loan syndication, institutional brokerage,asset management and investment banking, and corporate and advisory services, requires highly qualified andskilled personnel. There is significant competition in India for such personnel, and it may be difficult to attract, adequatelycompensate and retain the personnel we need in the future. We do not maintain a “key man” insurance policy.Inability to attract and retain appropriate managerial personnel, or the loss of key personnel could adversely affectour business, prospects, results of operations and financial condition.25. Foreign currency lending or borrowing will expose us to fluctuations in foreign exchange rates. : We areaffected by adverse movements in foreign exchange rates to the extent they affect our borrowers negatively, whichmay in turn adversely affect the quality of our exposure to these borrowers. As of January 31, 2011, we had foreigncurrency borrowings of U.S. $ 291.0 million. While we currently seek to hedge foreign currency exposures, as ourbusiness grows and we seek greater amounts of foreign currency funds (for example, as an IFC, we have greateraccess to external commercial borrowings), we could be exposed to a greater extent to fluctuations in foreign currencyrates. Volatility in foreign exchange rates could adversely affect our business, prospects, results of operations andfinancial condition.26. We are involved in certain legal proceedings that, if determined against us, could adversely impact ourbusiness and financial condition. : We are subject to certain significant legal proceedings that could adverselyimpact our business and financial condition. These include:● We are involved in a number of disputes pending withthe Income Tax Department with respect to income tax assessments for the assessment years 1997-1998, 1999-2000, 2000-2001, 2001-2002, 2002-2003, 2003-2004, 2004-2005, 2005-2006, 2006-2007, 2007-2008 and 2008-2009. The aggregate income tax liability in dispute is Rs. 1,095.0 million as on January 31, 2011. ● In fiscal 2004, wesanctioned and disbursed a loan of Rs. 300 million to Data Access (India) Limited (“DAIL”) for use in connection withits Internet service provider business. As a result of a promoter dispute and a winding up petition filed by one of DAIL’spromoters, the High Court of Delhi on November 18, 2005 awarded a winding up order against DAIL and appointedan official liquidator (the “Official Liquidator”) to take charge of DAIL’s assets. As security against the loan, we hold anumber of shares in DAIL. However, a group of new investors filed a suit against us seeking to prevent us from sellingDAIL’s shares held by the Company, and the Madras High Court subsequently passed a temporary order preventingus from disposing of our shareholding in DAIL. On August 26, 2005, the Company filed a recovery petition in the DebtRecovery Tribunal, New Delhi against the guarantors under the loan to DAIL, namely Siddharth Ray and SPAEnterprises Limited for recovery of an amount aggregating to Rs. 314.10 million. In November 2008, the aforesaidguarantors filed application for stay of proceedings before the Debt Recovery Tribunal which has been dismissed.The matter is pending. In February 2008, the Company filed an application against DAIL and Canara Bank forrecovery of Rs. 465.40 million in the Debt Recovery Tribunal, New Delhi. The Company prayed for issuing of acertificate of recovery in its favour by the Debt Recovery Tribunal. Canara Bank has filed its written statement allegingthat the Company does not have first charge over the book debts and receivables of DAIL. The Company filed itsrejoinder to the written statement in November 2009. The matter is pending. ● Following Vodafone InternationalHoldings BV’s (“Vodafone”) agreement with Hutchison Telecommunications International Limited (“HTIL”) for theacquisition of a controlling stake in Hutchison Essar Limited (“HEL”), an organization called the Telecom Watchdogfiled a civil writ petition before the High Court of Delhi alleging breach of the 74% sectoral cap for foreign directinvestment by Vodafone in HEL. The Government, along with 21 other entities, including our Company was maderespondents under this writ petition. The petitioner has alleged that SMMS Investments Private Limited (which washeld 49% by the Company, 49% by IDF (now 100% is held by IDF) and 2% by SSKI Corporate Finance Limited)holds its 61.60 % investment in Omega Telecom Holdings Private Limited (which in turn held 5.11% equity interest inHEL) as a nominee of HTIL. On May 7, 2007, the Ministry of Finance, Government approved the acquisition of acontrolling stake in HEL by Vodafone. However on May 10, 2007 Telecom Watchdog filed an application before theHigh Court of Delhi for the revival of the civil writ petition. The High Court of Delhi issued revival notice and grantedliberty to Telecom Watchdog to amend the writ petition. Telecom Watchdog filed writ petition involving Vodafone alsoas a party. The matter is pending. Further, in the past, IDFC Capital Limited and IDFC Securities Limited havereceived show-cause notices from the SEBI and income tax authorities. Pursuant to a letter dated October 29, 2009,the RBI has stated that the erstwhile SSKI Corporate Finance Private Limited (now IDFC Capital Limited) has beenin contravention of certain regulations under FEMA. Pursuant to a letter dated February 9, 2010, IDFC CapitalLimited has submitted an application for compounding which was heard on June 25, 2010 and the compoundingamount of Rs. 500,000 has been paid. For further details, please see the section entitled “Outstanding Litigationsand Default” on page 102 of the Prospectus - Tranche 3.27. We have debt agreements which contain restrictive covenants, placing limitations on us.: Some debtagreements entered into by the Company contain restrictive covenants including certain restrictions relating to thediversification of our business. These restrictions may impede the growth of our business. We have recently securedour outstanding borrowings by a floating charge over our receivables. Any inability to comply with the provisions ofour debt agreements and any consequent action taken by our lenders, including an enforcement of the security, mayadversely affect our business, prospects, results of operations and financial condition.28. Our transition to IFRS reporting could have a material adverse effect on our reported results of operationsor financial condition.: Public companies in India, including us, may be required to prepare annual and interimfinancial statements under IFRS in accordance with the roadmap for the adoption of, and convergence with, IFRSannounced by the Ministry of Corporate Affairs, Government, through the press note dated January 22, 2010 (the“Press Release”) and the clarification thereto dated May 4, 2010 (together with the Press Release, the “IFRSConvergence Note”). Pursuant to the IFRS Convergence Note, NBFCs which are part of the Nifty 50 or Sensex 30 orhave a net worth in excess of Rs. 10,000.0 million as per the audited balance sheet as at March 31, 2011, or the firstbalance sheet for accounting periods which ends after that date, are required to convert their opening balance sheetas at April 1, 2013 in compliance with the notified accounting standards to be converged with IFRS. We have not yetdetermined with any degree of certainty what impact the adoption of IFRS will have on our financial reporting. Ourfinancial condition, results of operations, cash flows or changes in shareholders’ equity may appear materially differentunder IFRS than under Indian GAAP or our adoption of IFRS may adversely affect our reported results of operationsor financial condition. For example, IFRS may not permit us to recognise revenues on a percentage of completionmethod and accordingly we may be required to restate our historical financial information and commence recognisingrevenues only when construction is completed and a unit is sold. This may have a material adverse effect on theamount of income recognised during that period and in the corresponding (restated) period in the comparative fiscalyear/period. In addition, in our transition to IFRS reporting, we may encounter difficulties in the ongoing process ofimplementing and enhancing our management information systems. Moreover, our transition may be hampered byincreasing competition and increased costs for the relatively small number of IFRS-experienced accounting personnelavailable as more Indian companies begin to prepare IFRS financial statements.RISKS RELATING TO THE INDIAN ECONOMY29. A slowdown in economic growth in India could cause our business to be adversely affected.: We andmost of our subsidiaries are incorporated in India, and substantially all of our assets and employees are located inIndia. As a result, we are highly dependent on prevailing economic conditions in India and our results of operationsare significantly affected by factors influencing the Indian economy. Any slowdown in economic growth in India couldadversely affect us, including our ability to grow our asset portfolio, the quality of our assets, and our ability toimplement our strategy. In recent years, India has been one of the fastest growing major economies in the world,recording a GDP growth rate at factor cost of 9.0 per cent. or higher in each of fiscal 2006, 2007 and 2008.Macroeconomic conditions resulted in GDP growth rates at factor cost declining to 6.7 per cent. in fiscal 2009 and 6.1per cent. in the first quarter of fiscal 2010. The Central Statistics Office’s (Ministry of Statistics and ProgrammeImplementation) estimates suggest that the GDP growth rate at factor cost in fiscal 2010 will have been approximately7.4 per cent. The current uncertain economic situation, in India and globally, could result in a further slowdown ineconomic growth, investment and consumption. A further slowdown in the rate of growth in the Indian economy couldresult in lower demand for credit and other financial products and services and higher defaults. Any slowdown in thegrowth or negative growth of sectors where we have a relatively higher exposure could adversely impact ourperformance. Any such slowdown could adversely affect our business, prospects, results of operations and financialcondition.30. Increased volatility or inflation of commodity prices in India could adversely affect the Company’sbusiness.: In recent months, consumer and wholesale prices in India have exhibited marked inflationary trends, withparticular increases in the prices of food, metals and crude oil. Inflation measured by the Wholesale Price Indexincreased from 1.31% at March 31, 2009 to 11.04% at March 31, 2010. Any increased volatility or rate of inflation ofglobal commodity prices, in particular oil and steel prices, could adversely affect the Company’s borrowers andcontractual counterparties. This may lead to slowdown in the growth of the infrastructure and related sectors couldadversely impact the Company’s business, financial condition and results of operations.31. Significant shortages in the supply of crude oil or natural gas, and other raw materials, could adverselyaffect the Indian economy and the infrastructure sector, which could adversely affect us.: In fiscal 2009, Indiaimported approximately 128.2 million tonnes of crude oil. Crude oil prices are volatile and prices have risen in recentyears due to a number of factors such as the level of global production and demand and political factors such as warand other conflicts, particularly in the Middle East. In June 2010, the Government eliminated subsidies on petroleumproducts, which will significantly increase the price of gasoline, diesel and kerosene. Any significant increase in oilprices could adversely affect the Indian economy, including the infrastructure sector, and the Indian banking andfinancial system. Prices of other key raw materials, for example steel, coal and cement, have also risen in recentyears and if the prices of such raw materials approach levels that project developers deem unviable, this will result ina slowdown in the infrastructure sector and thereby reduce our business opportunities, our financial performanceand our ability to implement our strategy. In addition, natural gas is a significant input for infrastructure projects,particularly those in the energy sector. India has experienced delays in the availability of natural gas which hascaused difficulties in these projects. Continued difficulties in obtaining reliable, timely supply of natural gas couldadversely affect some of the projects we finance and could impact the quality of our asset portfolio and our business,prospects, results of operations and financial condition.32. Financial instability in other countries could disrupt our business.: The Indian market and the Indianeconomy are influenced by economic and market conditions in other countries. Although economic conditions aredifferent in each country, investors’ reactions to developments in one country can have adverse effects on theeconomy as a whole, in other countries, including India. A loss of investor confidence in the financial systems of otheremerging markets may cause volatility in Indian financial markets and indirectly, in the Indian economy in general.Any worldwide financial instability could also have a negative impact on the Indian economy, including the movementof exchange rates and interest rates in India. In the event that the current difficult conditions in the global creditmarkets continue or if the recovery is slower than expected or if there any significant financial disruption, this couldhave an adverse effect on our cost of funding, loan portfolio, business, prospects, results of operations and financialcondition.33. Political instability or changes in the Government could adversely affect economic conditions in Indiaand consequently, our business.: The Government has traditionally exercised and continues to exercise a significantinfluence over many aspects of the economy. Since 1991, successive governments have pursued policies of economicand financial sector liberalisation and deregulation and encouraged infrastructure projects. The new Government,which came to power in May 2009, is headed by the Indian National Congress and is a coalition of several politicalparties. Although the previous Governments had announced policies and taken initiatives that supported the economicliberalisation programme pursued by previous governments, the policies of the subsequent Governments may changethe rate of economic liberalisation. A significant change in the Government’s policies in the future, particularly inrespect of the banking and finance industry and the infrastructure sector, could affect business and economic conditionsin India. This could also adversely affect our business, prospects, results of operations and financial condition.34. If regional hostilities, terrorist attacks or social unrest in India increases, our business could be adverselyaffected.: India has from time to time experienced social and civil unrest and hostilities within itself and with neighbouringcountries. India has also experienced terrorist attacks in some parts of the country. In November 2008, severalcoordinated terrorist attacks occurred across Mumbai, India’s financial capital, which resulted in the loss of life,property and business. These hostilities and tensions and/or the occurrence of similar terrorist attacks have thepotential to cause political or economic instability in India and adversely affect our business and future financialperformance. Further, India has also experienced social unrest in some parts of the country. If such tensions occur inother parts of the country, leading to overall political and economic instability, it could have an adverse effect on ourbusiness, prospects, results of operations and financial condition.35. Natural calamities could have a negative impact on the Indian economy and could cause our business tobe adversely affected.: India has experienced natural calamities such as earthquakes, floods and drought in therecent past. The extent and severity of these natural disasters determine their impact on the Indian economy. Inprevious years, many parts of India received significantly less than normal rainfall. As a result, the agricultural sectorrecorded minimal growth. Prolonged spells of below normal rainfall in the country or other natural calamities couldhave a negative impact on the Indian economy, thereby affecting our business.36. Difficulties faced by other banks, financial institutions or NBFCs or the Indian financial sector generallycould cause our business to be adversely affected.: We are exposed to the risks of the Indian financial sectorwhich in turn may be affected by financial difficulties and other problems faced by Indian financial institutions. CertainIndian financial institutions have experienced difficulties during recent years particularly in managing risks associatedwith their portfolios and matching the duration of their assets and liabilities, and some co-operative banks have alsofaced serious financial and liquidity crises. Any major difficulty or instability experienced by the Indian financial sectorcould create adverse market perception, which in turn could adversely affect our business, prospects, results ofoperations and financial condition.RISKS RELATING TO THE BONDS37. The Bonds are classified as “Long Term Infrastructure Bonds” and eligible for tax benefits under Section80CCF of the Income Tax Act. The investor shall be eligible for deduction under Section 80 CCF of theIncome Tax Act only for an amount of Rs. 20,000 in the year of investment, in the event that his or herinvestment in the Bonds exceeds Rs. 20,000. : The Bonds are classified as “long term infrastructure bonds” andare being issued in terms of Section 80CCF of the Income Tax Act and the Notification. In accordance with Section80CCF of the Income Tax Act, the amount, not exceeding Rs. 20,000, paid or deposited as subscription to long-terminfrastructure bonds during the previous year relevant to the assessment year beginning April 01, 2011 shall bededucted in computing the taxable income of a Resident Individual or HUF. In the event that any Applicant applies forthe Bonds in excess of Rs. 20,000 in the year of investment, the aforestated tax benefit shall be available to suchApplicant only to the extent of Rs. 20,000 in the year of investment. Subscription to additional Bonds will not beeligible for deduction from taxable income.38. There has been no prior public market for the Tranche 3 Bonds and it may not develop in the future, andthe price of the Tranche 3 Bonds may be volatile: The Tranche 3 Bonds under this Prospectus – Tranche 3 haveno established trading market. Moreover, the Tranche 3 Bonds issued in this Issue are subject to statutory lock-in fora period of five years from the date of Allotment. No trading market would exist or be established for the Tranche 3Bonds issued in this Issue for the Lock-In Period despite the Tranche 3 Bonds being listed on NSE and BSE. Evenafter the expiry of the Lock-in Period, there can be no assurance that a public market for these Tranche 3 Bondswould develop. The proposed tax changes to the income tax regime by introduction of the draft Direct Tax Code(“DTC”) may result in extinguishment of benefits available under Section 80CCF of the Income Tax Act. This mayresult in no further issuance of the Bonds after DTC is approved by the Government of India. Although an applicationhas been made to list the Tranche 3 Bonds on NSE and BSE, there can be no assurance that an active public marketfor the Tranche 3 Bonds will develop, and if such a market were to develop, there is no obligation on us to maintainsuch a market. The liquidity and market prices of the Tranche 3 Bonds can be expected to vary with changes inmarket and economic conditions, our financial condition and prospects and other factors that generally influencemarket price of Tranche 3 Bonds. Such fluctuations may significantly affect the liquidity and market price of theTranche 3 Bonds, which may trade at a discount to the price at which you purchase the Tranche 3 Bonds. Moreover,the price of the Tranche 3 Bonds on the Stock Exchanges may fluctuate after this Issue as a result of several otherfactors.39. The legal regime in respect of issue of long term infrastructure bonds has been recently introduced andits efficiency is yet to be established.: The legal regime in relation to issue of long term infrastructure bonds wasintroduced in the Finance Bill of 2010, along with the tax benefits upon investment. Pursuant to a notification datedJuly 9, 2010, the Ministry of Finance issued terms and conditions required for issuance of long term infrastructurebonds. We cannot assure you that the tax benefits offered for investment in long term infrastructure bonds would becontinued in future. Further, we cannot assure you that any other company would be issuing infrastructure bonds infuture and that a market for infrastructure bonds would be develop in future.40. There is no guarantee that the Tranche 3 Bonds issued pursuant to this Issue will be listed on NSE andBSE in a timely manner, or at all.: In accordance with Indian law and practice, permissions for listing and trading ofthe Tranche 3 Bonds issued pursuant to this Issue will not be granted until after the Tranche 3 Bonds have beenissued and allotted. Approval for listing and trading will require all relevant documents authorising the issuing ofTranche 3 Bonds to be submitted. There could be a failure or delay in listing the Tranche 3 Bonds on the StockExchanges.41. You may not be able to recover, on a timely basis or at all, the full value of the outstanding amounts and/or the interest accrued thereon in connection with the Tranche 3 Bonds.: Our ability to pay interest accrued onthe Tranche 3 Bonds and/or the principal amount outstanding from time to time in connection therewith would besubject to various factors inter-alia including our financial condition, profitability and the general economic conditionsin India and in the global financial markets. We cannot assure you that we would be able to repay the principalamount outstanding from time to time on the Tranche 3 Bonds and/or the interest accrued thereon in a timelymanner, or at all. Although our Company will create appropriate security in favour of the Debenture Trustee for theBondholders on the assets adequate to ensure 100% asset cover for the Tranche 3 Bonds, the realizable value ofthe Secured Assets, when liquidated, may be lower than the outstanding principal and/or interest accrued thereon inconnection with the Tranche 3 Bonds. A failure or delay to recover the expected value from a sale or disposition of theSecured Assets could expose you to a potential loss.42. Debenture Redemption Reserve (“DRR”) would be created up to an extent of 50% for the Tranche 3Bonds.: The Department of Company Affairs General Circular No.9/2002 No.6/3/2001-CL.V dated April 18, 2002specifies that NBFCs which are registered with the RBI under Section 45-IA of the Reserve Bank of India Act, 1934shall create DRR to the extent of 50 per cent. of the value of the debentures issued through public issue. Thereforethe Company will be maintaining debenture redemption reserve to the extent of 50% of the Tranche 3 Bonds issuedand the Bondholders may find it difficult to enforce their interests in the event of or to the extent of a default.43. Any downgrading in credit rating of our Tranche 3 Bonds may affect our the trading price of the Tranche3 Bonds: The Tranche 3 Bonds proposed to be issued under this Issue have been rated ‘LAAA’ from ICRA andAAA(ind) from Fitch. We cannot guarantee that this rating will not be downgraded. The ratings provided by ICRA maybe suspended, withdrawn or revised at any time. Any revision or downgrading in the above credit rating may lowerthe value of the Tranche 3 Bonds and may also affect the Company’s ability to raise further debt.44. The Bondholders are required to comply with certain lock-in requirements : The Bondholders are requiredto hold the Tranche 3 Bonds for a minimum period of five years before they can sell the same or utilise the buy-backoption offered by the Company. This may lead to a lack of liquidity for the Bondholders during such periods (whetherbefore or after the expiry of the Lock-in Period). Additionally, after the Lock-in Period, the Company will provide forbuyback of the Series 1 Tranche 3 Bonds and Series 2 Tranche 3 Bonds on the Buyback Date in a manner asprescribed herein below. Other than on the Buyback Date, no Bondholder will be permitted to require a buyback ofthe Series 1 Tranche 3 Bonds and Series 2 Tranche 3 Bonds by the Company. In the event that a Bondholder ofSeries 1 Tranche 3 Bonds and/or Series 2 Tranche 3 Bonds who has not opted for the buyback facility upfront in theApplication Form fails to inform the Company during the Buyback Intimation Period of his or her intention to utilize thebuyback facility offered by the Company, such Series 1 Tranche 3 Bonds and/or Series 2 Tranche 3 Bonds held bysuch Bondholder shall not be bought back by the Company on the Buyback Date. In such a case, a Bondholder mayafter the expiry of the Lock-in Period sell or dispose of those Series 1 Tranche 3 Bonds and/or Series 2 Tranche 3Bonds on the Stock Exchanges.In the event that a Bondholder of Series 1 Tranche 3 Bonds and/or Series 2 Tranche 3 Bonds who has opted for thebuyback facility upfront in the Application Form, fails to inform the Company during the Buyback Intimation Period ofhis or her intention not to utilise the buyback facility offered by the Company, such Series 1 Tranche 3 Bonds and/orSeries 2 Tranche 3 Bonds shall be compulsorily bought back by the Company on the Buyback Date.45. Changes in interest rates may affect the price of the Company’s Tranche 3 Bonds.: All securities where afixed rate of interest is offered, such as the Company’s Tranche 3 Bonds, are subject to price risk. The price of suchsecurities will vary inversely with changes in prevailing interest rates, i.e. when interest rates rise, prices of fixedincome securities fall and when interest rates drop, the prices increase. The extent of fall or rise in the prices is afunction of the existing coupon, days to maturity and the increase or decrease in the level of prevailing interest rates.Increased rates of interest, which frequently accompany inflation and/or a growing economy, are likely to have anegative effect on the price of the Company’s Tranche 3 Bonds.46. Payments made on the Tranche 3 Bonds is subordinated to certain tax and other liabilities preferred bylaw.: The Tranche 3 Bonds will be subordinated to certain liabilities preferred by law such as to claims of the Governmenton account of taxes, and certain liabilities incurred in the ordinary course of the Company’s trading or bankingtransactions. In particular, in the event of bankruptcy, liquidation or winding-up, the Company’s assets will be availableto pay obligations on the Tranche 3 Bonds only after all of those liabilities that rank senior to these Tranche 3 Bondshave been paid. In the event of bankruptcy, liquidation or winding-up, there may not be sufficient assets remaining,after paying amounts relating to these proceedings, to pay amounts due on the Tranche 3 Bonds. Further, there is norestriction on the amount of debt securities that the Company may issue that ranks above the Tranche 3 Bonds. Theissue of any such debt securities may reduce the amount recoverable by investors in the Tranche 3 Bonds upon theCompany’s bankruptcy, winding-up or liquidation.

IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS - TRANCHE 3GENERAL INFORMATIONProfessional; Independent Director; Gautam Kaji, Occupation: Professional, Independent Director; Donald Peck,Infrastructure Development Finance Company Limited: The Company was incorporated as a public company Occupation: Professional; Independent Director; Shardul Shroff, Occupation: Professional; Independent Director;with limited liability in the Republic of India under the Companies Act, on January 30, 1997.Omkar Goswami, Occupation: Professional; Independent Director; Rajiv B. Lall, Occupation: Company Executive;Registered Office: KRM Tower, 8 th Floor, No. 1, Harrington Road, Chetpet, Chennai 600 031Managing Director and chief executive officer; Vikram Limaye, Occupation: Company Executive Whole-time Director.Corporate Office: Naman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051 For details of our Directors please refer section “Our Management” on page 84 of the Prospectus - Tranche 3.Registration: Corporate Identification Number: L65191TN1997PLC037415 issued by the Registrar of Companies, Committees of the Board of Directors : The Board has constituted committees of Directors, each of which functionsChennai, Tamil Nadu. Certification of incorporation dated January 30, 1997 and certificate of commencement of in accordance with the relevant provisions of the Companies Act and the Equity Listing Agreements. These include,business dated February 13, 1997. Certification of Registration no.B-07-00718 dated April 25, 2002 issued by the (i) Audit Committee, (ii) Nomination Committee; (iii) Investors’ Grievance Committee, and (iv) Compensation Committee.RBI allowing the Company to commence/ carry on the business of non-banking financial institution, under section 45- OUR SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE COMPANIES: For a list of the Subsidiaries, AssociatesIA of the RBI Act. Certificate of Registration dated June 23, 2010 issued by the RBI reclassifying the Company as and Joint Venture Companies of the Company, please refer page 97 of the Prospectus - Tranche 3.Infrastructure Finance Company, under section 45-IA of the RBI Act.FINANCIAL INFORMATIONCredit Rating and Rationale : ICRA has vide its letter no. 2010-11/MUM/617 dated August 31, 2010, and revalidated STATEMENT OF CONSOLIDATED PROFITS, AS RESTATEDthrough letter dated February 11, 2011, assigned a rating of LAAA to the Tranche 3 Bonds proposed to be issued bythe Company, pursuant to the Shelf Prospectus including the Tranche 3 Bonds issued under this Prospectus -Tranche 3. This rating of the Tranche 3 Bonds indicates stable outlook and is the highest credit quality rating assignedby ICRA. For details in relation to the rationale for the credit rating, please refer to the Annexure to this Prospectus -Tranche 3. Fitch has vide its letters dated December 16, 2010 and February 14, 2011 assigned a rating of AAA(ind)to the Tranche 3 Bonds proposed to be issued by the Company, pursuant to this Prospectus - Tranche 3. This ratingof the Tranche 3 Bonds indicates a long term stable outlook. For details in relation to the rationale for the credit rating,please refer to the Annexure to this Prospectus - Tranche 3.Issue Programme: The Issue shall remain open for subscription during banking hours for the period indicatedbelow, except that the Issue may close on such earlier date or be extended to such date as may be decided by theBoard subject to necessary approvals. In the event of an early closure or extension of the Issue, the Company shallensure that notice of the same is provided to the prospective investors through newspaper advertisements at leastthree days prior to such earlier or extended date of Issue closure.ISSUE OPENS ON : February 28, 2011 ISSUE CLOSES ON: March 16, 2011CAPITAL STRUCTUREDetails of share capital: The share capital of the Company as at the date of this Prospectus - Tranche 3 is set forth below:Amount (Rs. in millions)Authorised share capital4,000,000,000 Equity Shares of Rs. 10 each 40,000.0100,000,000 Preference Shares of Rs.100 each 10,000.0Issued, subscribed and paid up share capital1,460,947,548 Equity Shares of Rs. 10 each, fully paid up 14,609.484,000,000 compulsorily convertible cumulative Preference Sharesof Rs. 100 each, fully paid up 8,400.0Securities premium account 47,553.9For further details please refer to the section titled “Capital Structure” on page 47 of the Prospectus - Tranche 3. For List of top 10holders of Equity Shares,Compulsorily Convertible Cumulative Preferences Shares, Non Convertible Debentures and CommercialPaper of the Company, please refer section titled “Capital Structure” on page 47 of the Prospectus - Tranche 3.STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES, AS RESTATEDLong Term Debt - equity ratio: The long term debt to equity ratio of the Company prior to this Issue is based on a total long termoutstanding debt of Rs. 306,895.6 million, and shareholders’ funds amounting to Rs. 112,115.2 million which was 2.7 times as onJanuary 31, 2011. The long term debt to equity ratio post the Issue under this Prospectus – Tranche 3 and all pervious andsubsequent tranches, (assuming full subscription of Rs. 21,716.7 million) is 2.9 times, based on a total long term outstandingdebt of Rs. 328,612.3 million and shareholders’ fund (as on January 31, 2011) of Rs. 112,115.2 millionOBJECTS OF THE ISSUEIssue Proceeds: The Company has filed this Prospectus - Tranche 3 for a public issue of the Tranche 3 Bonds notexceeding Rs. 21,716.7 million for the financial year 2010-2011. The funds raised through this Issue will be utilized towards“infrastructure lending” as defined by the RBI in the regulations issued by it from time to time, after meeting the expendituresof, and related to, the Issue.The Tranche 3 Bonds will be in the nature of debt and will be eligible for capital allocation andaccordingly will be utilized in accordance with statutory and regulatory requirements including requirements of the RBI andthe Ministry of Finance. For further details, please refer page 61 of the Prospectus - Tranche 3.Monitoring of Utilization of Funds: There is no requirement for appointment of a monitoring agency in terms of theSEBI Debt Regulations. The Board of Directors of the Company shall monitor the utilisation of the proceeds of theIssue. The Company will disclose in the Company’s financial statements for the relevant financial year commencingfrom FY 2011, the utilization of the proceeds of the Issue under a separate head along with details, if any, in relationto all such proceeds of the Issue that have not been utilized thereby also indicating investments, if any, of suchunutilized proceeds of the Issue. The Company shall also file these along with term sheets to the InfrastructureDivision, Department of Economic Affairs, Ministry of Finance, within three months from the end of financial year.STATEMENT OF TAX BENEFITS: A. TAX BENEFITS TO RESIDENT BOND HOLDERS: Under Sections 80CCF,80C, 80CCC, 80CCD, 80CCE, 197(1),15G, 197A(1A), 197A(1B) , 197A(1C) , 2(29A), 2(42A) , 112 of the I.T . Act. B.WEALTH TAX: Under section 2(ea) of the Wealth-tax Act, 1957. C. GIFT TAX: Gift-tax is not levied on gift of Tranche2 Bonds in the hands of the donor as well as the donee.SUMMARY OF BUSINESS: Overview: We believe that we are a leading knowledge-driven financial services company inIndia and play a central role in advancing infrastructure development in the country. We provide a full range of financingsolutions to our clients and believe that we distinguish ourselves from other financiers by having developed extensivedomain knowledge of infrastructure in India. We operate as a professionally managed commercial entity with the objectiveSTOCK MARKET DATA FOR EQUITY SHARES AND DEBENTURES OF THE COMPANYof maximizing shareholder value. We were established in 1997 as a private sector enterprise by a consortium of public andI. Equity Shares: The Company’s Equity Shares are listed on the BSE and NSE. As the Company’s shares areprivate investors and listed our Equity Shares in India pursuant to an initial public offering in August 2005. Following theactively traded on the BSE and NSE, stock market data has been given separately for each of these Stock Exchanges.listing of our Equity Shares, we steadily broadened our business activities from project financing and government advisorya. The high and low closing prices recorded on the BSE and NSE during the last three years and the number of Equityto cover a wide spectrum of financial intermediation services. The Government has identified infrastructure developmentShares traded on the days the high and low prices were recorded are stated below. NSE: Year ended March 31;as a key priority in its five year plans. The Eleventh Five Year Plan (Fiscal 2008 to 2012) envisages investments of U.S.High (Rs.); Date of High; Volume on date of high (no. of shares); Low (Rs.); Date of Low; Volume on date of$514.04 billion in the infrastructure sector. Given the scale of investment required, we expect a substantial proportion of thelow (no. of shares); Average price for the year (Rs.): 2010; 178.00; November 18, 2009; 11,574,838; 57.60;investment to be met through private financing or PPP. We believe that given our history, capabilities and financial strength,April 1; 9,071,380; 139.81; 2009; 180.70; May 2, 2008; 7,602,559; 44.80; March 12; 10,650,948; 90.52; 2008;we are well placed to benefit from these opportunities, particularly with the increasingly conducive policy and regulatory232.50; January 1, 2008; 9,187,155; 78.25; April 3; 3,032,386; 154.94. Source: www.nse-india.com; The averageenvironment in India for infrastructure development. In this connection, we have been reclassified by the RBI as anprice has been computed based on the daily closing price of Equity Shares.Infrastructure Finance Company, or IFC, which, among other things will allow us to diversify our borrowings, access longtermfunds to a greater extent and give us the flexibility to increase our exposures to borrowers and groups. We classify ourBSE: Year ended March 31; High (Rs.); Date of High; Volume on date of high (no. of shares); Low (Rs.); Date ofLow; Volume on date of low (no. of shares); Average price for the year (Rs.): 2010; 177.40; November 18, 2009;business into the following four broad platforms, through which we not only provide project finance but also arrange and2,079,930; 57.55; April 1; 2,375,552; 139.76; 2009; 179.90; May 2, 2008; 2,185,415; 44.70; March 12; 16,117,046; 90.53;facilitate the flow of private capital to infrastructure development by creating appropriate structures and financing vehicles2008; 232.10; January 2, 2008; 1,586,915; 78.05; April 3; 1,149,090; 154.89; Source: www.bseindia.com; The averagefor a wide range of market participants: ● Corporate Finance and Investment Banking, which includes our project finance,price has been computed based on the daily closing price of Equity Shares.principal investments and treasury operations, as well as the investment banking business of IDFC Capital and theFor details of the high and low prices and volume of Equity Shares traded on the respective dates during the last six monthsinstitutional brokerage business of IDFC Securities, which were acquired in 2007; ● Public Markets Asset Management,refer page 98 of the Prospectus - Tranche 3.which comprises the mutual funds business that we acquired from Standard Chartered Bank in 2008; ● Alternative AssetII. Debentures: Debt securities issued by the Company, which are listed on NSE are infrequently traded with limited or noManagement, which includes our private asset management and project management businesses; and ● Advocacy andvolumes. Consequently, there has been no material fluctuation in prices or volumes of such listed debt securities. TheNation Building, through which we remain actively involved in providing policy formulation and advocacy, institutionalBonds issued pursuant to Prospectus – Tranche 1 have been listed on the NSE and the BSE. There has been no tradingcapacity building to structure public-private partnerships, government transaction advisory services and corporate socialon the Bonds since its listing since there is a lock-in requirement of 5 years. Further, the Tranche 2 Bonds issued pursuantresponsibility initiatives. These business platforms are supported by a shared services platform that includes informationto Prospectus – Tranche 2 will be listed on the NSE and the BSE. There will be no trading on the Tranche 2 Bonds after itstechnology, human resources, legal and compliance, secretarial services, risk management, finance and facilities. Ourlisting upto February 20, 2016 since there is a lock-in requirement of 5 years.clients include prominent participants in infrastructure development in India and our product portfolio caters to the diverse DESCRIPTION OF CERTAIN INDEBTEDNESS: Please refer to the page 100 of the Prospectus- Tranche 3needs of these clients across all layers of the capital structure. Our main focus has been on the energy, transportation and OUTSTANDING LITIGATION AND DEFAULTS: Except as described below, we are not involved in any legal proceedings, andthe telecommunications and information technology sectors, and we expect to see continued growth and significant no proceedings are threatened, which may have, or have had, a material adverse effect on our business, properties, financialfinancing opportunities in these sectors. Our business has grown rapidly in recent years. Our balance sheet, total income condition or operations. We believe that the number of proceedings in which we are involved in is not unusual for a company ofand profit after tax, on a consolidated basis, grew at a compounded annual growth rate of 9.5 per cent., 20.3 per cent. and its size in the context of doing business in India. For futher details, refer page 102 of the Prospectus - Tranche 3.19.6 per cent., respectively, from fiscal 2008 to fiscal 2010. As of December 31, 2010, our gross and net non-performing OTHER REGULATORY AND STATUTORY DISCLOSURESloans were Rs. 797.3 million and Rs. 389.1 million, respectively. These represent 0.2 per cent. and 0.1 per cent. of our total Authority for the Issue:The Board of Directors, at its meeting held on August 4, 2010, has approved the issue, in one orloan assets, respectively. Our capital to risk-weighted asset ratio as of December 31, 2010 was 24.9 per cent. Our consolidated more tranches, of secured, redeemable, non-convertible debentures having benefits under Section 80CCF of the Incomereturn on average total assets in fiscal 2010 was 3.4 per cent and was 3.2 per cent as on December 31, 2010. Our long Tax Act of face value of Rs. 5,000 each, for an amount not exceeding Rs. 34,000 million for the financial year 2010-2011.term borrowings have been rated LAAA by ICRA and AAA (ind) by Fitch, which are the highest credit ratings awarded by Out of the overall limit of Rs. 34,000 million, the Company has on November 12, 2010, and on February 21, 2011 issuedthese rating agencies. For more details please refer on page 64 of the Prospectus - Tranche 3.Bonds for an aggregate amount of Rs. 4,710.4 million and Rs. 7,572.9 million through a public issue of Bonds in terms ofHISTORY AND MAIN OBJECTS :Our Company was incorporated as a public limited company on January 30, 1997 with its Prospectus – Tranche 1 and Prospectus – Tranche 2, respectively. The third tranche of the Bonds shall be issued on theregistered office at Chennai and commenced business activities on February 13, 1997. IDFC was conceptualised to lead private terms set out in this Prospectus – Tranche 3 for an amount not exceeding Rs. 21,716.7 million. In terms of the Notification,capital to commercially viable infrastructure projects. Towards this objective, IDFC would nurture and develop bankable projects the aggregate volume of issuance of long term infrastructure bonds (having benefits under Section 80CCF of the Incomeand create innovative instruments that unbundle and mitigate the risks for investors in the infrastructure sector. IDFC’s role is to Tax Act) by the Company during the fiscal year 2011 shall not exceed 25% of the incremental infrastructure investmentcomplement existing institutions undertaking infrastructure financing with focus on strengthening market mechanisms where made by the Company during the fiscal year 2010. For the purpose of calculating the incremental infrastructure investment,these were evolving or had failed to develop. IDFC also works closely with the GOI and the state governments on conceptualizing the aggregate gross infrastructure investments made by the Company during the financial year 2009-2010 was consideredand formulating policies that would be conducive for private sector participation in the infrastructure sector. For details regarding which were Rs. 138,614.40 million and hence the limit for this Issue, along with the previous tranche and all other subsequentthe Main Objects of the Company , please refer page 81 of the Prospectus - Tranche 3 .tranches, is Rs. 34,000 million.Board of Directors : Name :Designation: Deepak S. Parekh, Occupation: Professional;Non-Executive Chairman; Eligibility to come out with the Issue :The Company has not been restrained, prohibited or debarred by SEBI fromBimal Julka, Occupation: Servicel ; Non-Executive Director, nominee of GoI; S. S. Kohli, Occupation: Professional; accessing the securities market or dealing in securities and no such order or direction is in force.Non-Executive Director, nominee of GoI; Abdul Rahim Abu Bakar, Occupation: Company Executive; Non-Executive Consents: Consents in writing of: (a) the Directors, the Compliance Officer, the Statutory Auditors, Bankers to the IssueDirector, nominee of Domestic Institutions and Foreign Investors; Dimitris Tsitsiragos, Occupation: Company and Bankers to the Company; and (b) Lead Managers, Lead Brokers, Registrar to the Issue, Legal Advisors to the Issue,Executive; Non-Executive Director, nominee of Domestic Institutions and Foreign Investors; S. H. Khan, Occupation: Credit Rating Agency and the Debenture Trustee to act in their respective capacities, have been obtained and shall be filed8 INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITEDalong with a copy of the Prospectus - Tranche 3 with the Registrar of Companies, Tamil Nadu. IDBI Trusteeship ServicesLimited has given its consent for appointment as Debenture Trustee under regulation 4(4) of the SEBI Debt Regulations.Expert Opinion:The Company has not obtained any expert opinions.Common form of Transfer: The Company undertakes that there shall be a common form of transfer for the Tranche 3Bonds held in physical form and the provisions of the Companies Act and all applicable laws shall be duly complied with inrespect of all transfer of the Tranche 3 Bonds and registration thereof.Minimum Subscription:In terms of the SEBI Debt Regulations, an issuer undertaking a public issue of debt securities isrequired to disclose the minimum amount of subscription that it proposes to raise through the issue in the offer document.In the event that an issuer does not receive the minimum subscription disclosed in the offer, all application moneys receivedin the public issue are required to be refunded forthwith. SEBI has, by way of letter no. IMD/DF1/OW/17383/2010 datedAugust 25, 2010, exempted the Company from specifying the minimum level of subscription for the Issue. Consequently,there is no minimum subscription amount for the Tranche 3 Bonds.Previous Public or Rights Issues by the Company during last five years: Other than the public issue of Bonds underthe first tranche on the terms set out in Prospectus – Tranche 1 for an amount aggregating to Rs. 4,710.4 million and thepublic issue of Tranche 2 Bonds under the second tranche on the terms set out in Prospectus – Tranche 2 for an amountaggregating to Rs. 7,572.9 million, the Company has not undertaken any public or rights issue during the last five years.Commission or Brokerage on Previous Public Issues: The Company paid an aggregate amount of Rs. 340.6 millionon account of fees for management, underwriting and selling commission, and out of pocket expenses in relation to itspublic offer of equity shares undertaken in August 2005. The Company paid an aggregate amount of approximately Rs.340.5 million and Rs. 315.70 million on account of fees for management, underwriting and selling commission, and out ofpocket expenses in relation to its public offer of Bonds undertaken in terms of Prospectus – Tranche 1 and Prospectus –Tranche 2, respectively.Details regarding the capital issue during the last three years by listed companies, which may be consideredunder the same management with the Company, within the meaning of section 370(1B) of the Act : None of thecompanies under the same management with the Company, within the meaning of section 370(1B) of the Companies Act,are listed.Change in auditors of the Company during the last three years: The Company has not changed its Statutory Auditorsduring the last three years.Revaluation of assets: The Company has not revalued its assets in the last five years.Utilisation of Proceeds: Statement by the Board of Directors: (i) All monies received out of the Issue of the Tranche 3Bonds to the public shall be transferred to a separate bank account other than the bank account referred to in sub-section(3) of section 73 of the Companies Act; (ii) Details of all monies utilised out of the Issue referred to in sub-item (i) shall bedisclosed under an appropriate separate head in our balance sheet indicating the purpose for which such monies wereutilised; and (iii) Details of all unutilised monies out of the Issue referred to in sub-item (i), if any, shall be disclosed under anappropriate separate head in our balance sheet indicating the form in which such unutilised monies have been invested.The funds raised by us from previous bonds issues have been utilised for our business as stated in the respective offerdocuments.Disclaimer clause of NSE: AS REQUIRED, A COPY OF THIS OFFER DOCUMENT HAS BEEN SUBMITTED TO NATIONALSTOCK EXCHANGE OF INDIA LIMITED (HEREINAFTER REFERRED TO AS NSE). NSE HAS GIVEN VIDE ITS LETTERREF.: NSE/LIST/147588-P DATED SEPTEMBER 23, 2010 PERMISSION TO THE ISSUER TO USE THE EXCHANGE’SNAME IN THIS OFFER DOCUMENT AS ONE OF THE STOCK EXCHANGES ON WHICH THIS ISSUER’S SECURITIESARE PROPOSED TO BE LISTED. THE EXCHANGE HAS SCRUTINIZED THIS DRAFT OFFER DOCUMENT FOR ITSLIMITED INTERNAL PURPOSE OF DECIDING ON THE MATTER OF GRANTING THE AFORESAID PERMISSION TOTHIS ISSUER. IT IS TO BE DISTINCTLY UNDERSTOOD THAT THE AFORESAID PERMISSION GIVEN BY NSE SHOULDNOT IN ANY WAY BE DEEMED OR CONSTRUED THAT THE OFFER DOCUMENT HAS BEEN CLEARED OR APPROVEDBY NSE; NOR DOES IT IN ANY MANNER WARRANT, CERTIFY OR ENDORSE THE CORRECTNESS OR COMPLETENESSOF ANY OF THE CONTENTS OF THIS OFFER DOCUMENT; NOR DOES IT WARRANT THAT THIS ISSUER’S SECURITIESWILL BE LISTED OR WILL CONTINUE TO BE LISTED ON THE EXCHANGE; NOR DOES IT TAKE ANY RESPONSIBILITYFOR THE FINANCIAL OR OTHER SOUNDNESS OF THIS ISSUER, ITS PROMOTERS, ITS MANAGEMENT OR ANYSCHEME OF PROJECT OF THIS ISSUER. EVERY PERSON WHO DESIRES TO APPLY FOR OR OTHERWISE ACQUIREANY SECURITIES OF THIS ISSUER MAY DO SO PURSUANT TO INDEPENDENT INQUIRY, INVESTIGATION ANDANALYSIS AND SHALL NOT HAVE ANY CLAIM AGAINST THE EXCHANGE WHATSOEVER BY REASON OF ANYLOSS WHICH MAY BE SUFFERED BY SUCH PERSON CONSEQUENT TO OR IN CONNECTION WITH SUCHSUBSCRIPTION/ ACQUISITION WHETHER BY REASON OF ANYTHING STATED OR OMITTED TO BE STATED HEREINOR ANY OTHER REASON WHATSOEVER.”Disclaimer clause of BSE: BOMBAY STOCK EXCHANGE (“THE EXCHANGE”) HAS GIVEN VIDE ITS LETTERDATED SEPTEMBER 21, 2010, PERMISSION TO THIS COMPANY TO USE THE EXCHANGE’S NAME IN THISOFFER DOCUMENT AS ONE OF THE STOCK EXCHANGES ON WHICH THIS COMPANY’S SECURITIES AREPROPOSED TO BE LISTED. THE EXCHANGE HAS SCRUTINUZED THIS OFFER DOCUMENT FOR ITS LIMITEDINTERNAL PURPOSE OF DECIDING ON THE MATTER OF GRANTING THE AFORESAID PERMISSION TO THISCOMPANY. THE EXCHANGE DOES NOT IN ANY MANNER:(I) WARRANT, CERTIFY OR ENDORSE THECORRECTNESS OR COMPLETENESS OF ANY OF THE CONTENTS OF THIS OFFER DOCUMENT; OR (II) WARRANTTHAT THIS COMPANY’S SECURITIES WILL BE LISTED AND WILL CONTINUE TO BE LISTED ON THE EXCHANGE;OR (III) TAKE ANY RESPONSIBILITY FOR THE FINANCIAL OR OTHER SOUNDNESS OF THIS COMPANY, ITSPROMOTERS, ITS MANAGEMENT OR ANY SCHEME OR PROJECT OF THIS COMPANY, AND IT SHOULD NOTFOR ANY REASON BE DEEMED OR CONSTRUED THAT THIS OFFER DOCUMENT HAS BEEN CLEARED ORAPPROVED BY THE EXCHANGE. EVERY PERSON WHO DESIRES TO APPLY FOR OF OTHERWISE ACQUIRESANY SECURITIES OF THIS COMPANY MAY DO SO PURSUANT TO INDEPENDENT INQUIRY, INVESTIGATIN ANDANALYSIS AND SHALL NOT HAVE ANY CLAIM AGAINST THE EXCHANGE WHATSOEVER BY REASON OF ANYLOSS WHICH MAY BE SUFFERED BY SUCH PERSON CONSEQUENT TO OR IN CONNECTION WITH SUCHSUBSCRIPTION/ACQUISITION WHETHER BY REASON OF ANYTHING STATED OR OMITTED TO BE STATEDHEREIN OF FOR ANY OTHER REASON WHATSOEVERDisclaimer clause of RBI : THE COMPANY IS HAVING A VALID CERTIFICATE OF REGISTRATION DATED JUNE23, 2010 ISSUED BY THE RESERVE BANK OF INDIA UNDER SECTION 45I-A OF THE RESERVE BANK OF INDIAACT, 1934. HOWEVER, THE RESERVE BANK OF INDIA DOES NOT ACCEPT ANY RESPONSIBILITY ORGUARANTEE ABOUT THE PRESENT POSITION AS TO FINANCIAL SOUNDNESS OF THE COMPANY ORCORRECTNESS OF ANY OF THE STATEMENTS OR REPRESENTATIONS MADE OR OPINIONS EXPRESSED BYTHE COMPANY AND FOR REPAYMENT OF DEPOSITS / DISCHARGE OF LIABILITIES BY THE COMPANY.Listing : The Tranche 3 Bonds will be listed on NSE and BSE. If the permissions to deal in and for an official quotation ofthe Tranche 3 Bonds are not granted by the Stock Exchanges, the Company shall forthwith repay, without interest, all suchmoneys received from the Applicants in pursuance of the Prospectus - Tranche 3. If such money is not repaid within eightdays after the Company becomes liable to repay it (i.e. from the date of refusal or within seven days from the Issue ClosingDate, whichever is earlier), then the Company and every Director of the Company who is an officer in default shall, on andfrom such expiry of eight days, be liable to repay the money, with interest at the rate of 15% p.a. on application money, asprescribed under Section 73 of the Companies Act. The Company shall ensure that all steps for the completion of thenecessary formalities for listing and trading permission of Tranche 3 Bonds on the Stock Exchange(s) mentioned aboveare taken within 7 Working Days from the date of Allotment.Dividend : The following table sets forth certain details regarding the dividend paid by the Company on the Equity Sharesfor Fiscal 2008, 2009 and 2010: (In Rs. million, except per share data): Particulars; Fiscal 2008; Fiscal 2009;Fiscal 2010: Face value of Equity Shares (Rs. per share); 10; 10; 10; Interim dividend on Equity Shares (Rs. per share);-; -; -; Final dividend of Equity Shares (Rs. per share); 1.2; 1.2; 1.5; Total dividend on Equity Shares; 1,555.7; 1,555.5;1,951.3; Dividend tax (gross); 264.4; 264.3; 324.1.Mechanism for redressal of investor grievances : Karvy Computershare Private Limited has been appointed as theRegistrar to the Issue to ensure that investor grievances are handled expeditiously and satisfactorily and to effectively dealwith investor complaints. All grievances relating to the Issue should be addressed to the Registrar to the Issue giving fulldetails of the Applicant, number of Tranche 3 Bonds applied for, amount paid on application and the bank branch orcollection centre where the application was submitted etc.MATERIAL CONTRACTS AND DOCUMENTS FOR INSPECTION: Copy of Material Contracts and other Documentsrefer of page 143 of the Prospectus - Tranche 3 may be inspected at the Corporate Office of the Company situated atNaman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051, from 10.00 a.m. to 1.00 p.m.,from the date of this Prospectus - Tranche 3 until the date of closure of the Issue.DECLARATION: No statements made in this Prospectus - Tranche 3 shall contravene relevant provisions of the Act andthe SEBI Debt Regulations. All the legal requirements connected with the said Issue as also the guidelines, instructions etc.issued by SEBI, Government and any other competent authority in this behalf have been duly complied with. We confirmthat this Prospectus - Tranche 3 does not omit disclosure of any material fact which may make the statements madetherein, in light of circumstances under which they were made, misleading. We further certify that all statements in thisProspectus - Tranche 3 are true and correct.Yours faithfully,Deepak S. Parekh, Bimal Julka, S.S. Kohli, Abdul Rahim Abu Bakar, Dimitris Tsitsiragos, S.H. Khan, Gautam Kaji,Donald Peck, Shardul Shroff, Omkar Goswami , Rajiv B. Lall , Vikram LimayePlace: Mumbai. Date: February 21, 2011FOR FURTHER DETAILS, PLEASE REFER TO THE PROSPECTUS - TRANCHE 3