Ratings

CONFIDENTIALASHFC1J224242/BLR/051902149t\.fay31,2019

.'\Ir. Shalibhadra ShahChief Financial Onicef"lotilal Oswal Home Finance limitedMotilal Oswal TowerGokhale Road. PrabhadcviMurnbai - 400025

Dear Mr. Shalibhadra Shah,

Re: Re\'iew of CRISIL Ratings 011 the bank facilities of Motilal Oswal Home Finance Limited

All ratings assigned by CRISIL arc kept under continuous surveillance and review.

CRISILAn S&P Global Company

Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and therating actions by CRISIL on the ratings as on dale.

Total Bank LOlm Facilities Rated RS.862 CrareLong-Term Rating CRISIL AA-/Stable (Upgraded frolll CRISIL

A+/Stablel(Bank-wise details as per Annexure I)

As per our Rating Agreement, CRISIL would disseminate the ratings, along with the outlook, through itspublications and other media, and keep the ratings, along with the outlook, under surveillance ovcr the life ofthe instrument/facility. CRISIL reserves the right to withdraw, or revise the ratings, along with the outlook, atany time, on the basis of new information, or unavailability of information, or other circumstances whichCR1SIL believes II1<lYhave 'In impact on the ratings.

Should you require any clarifications, please feel free to get in touch with us.

With warm regards,

Yours sincerely.

R,llll<l P<ltclDirector - CRISIL R<llings

------:--.. -;., --- 1'..;....~-~v'"~ -

Nivedita ShibuAssociate Director * CRISIL Ratings

tingE;~RiSIL~ ,~

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A CRISIL rating reflects CRISIL's curren! opinion on the likelihood of timety payment of the obligations under the rated instrument anddoes not constitute an aud't of /he rated entity by CRISIL CRISIL ralings are based on informa/ion provided by Ihe issuer or oblainedby CRISIL from sources it considers reliable. CRISIL does not guarantee the completeness Of accuracy of Ihe information on which therating is based. A CRtStL ra/ing is not a recommendation to buy. sell. or hold the rared instrument; it does not comment on the markelprice or suitabill/y for a panicutar investor. All CRISIL rallngs ara under sUNeillance. CRISIL or its associates may have othercommerCia/transactions with the company/entity. Ratings are revised as and when circumstances so warrant. CRISIL is nol responsiblefor any errors and especially states that il has no financiatliability whatsoever to the subscribers / users / transmitters / dlstnbulors 01this product. CRISIL Ratings rating criteria are available without charge to the public on the CRISIL web Site. wwwcris,I.Com. For thela/est raling information on any instrument of any company rated by CRISIL. please con/act Customer SeNice Helpdesk at 1800-267-1301.

l,,;HI~11.1Imlte(lCorporate Identity Number: L67' 20MH1987PLC042363

CRISILHouse, Central Avenue, Hiranandani Business Park, Powai, Mumbai. 400076. Phone: +91 22 3342 3000 I Fax: +91 22 4040 5800www.crisll.com

Ratings

Annexure I • Rank-wise details of various facility c1a,~ses(outstanding facilities)

CRISILAn S&P Global Company

S.No. Bank Facility Bank Amount (Rs. in Outstanding IbtingCrorc\I Cash Credit State Bank of India 10.0 CRISIL AA-J$lablc2 Cash Credit Axis Bank LimiteJ 25.0 CRISIL AA-/Stable3 Lon' Term Loan Puniab National Bank 50.0 CRISIL AA./Stablc4 Lon' Term Loan Viiava Bank 25.0 CRISIL AA-/Stable5 Lon' Term Loan YES Bank Limited 150.0 CRISIL AA-/Stable6 Long Tern) Loan Baiai Finance Limited 50.0 CRISIL AA-fSlablc7 Long Tenn Loan HDFC Bank Limited 50.0 CRISIL AA-/Slablc

S Long Term LoanThe Kamr Vysya Bank 15.0 CRISIL AA-/StableLimited

9 Lon~ Term Loan Kamataka Bank Limited 30.0 CRISIL AA-/Stable

10 Long Term LoanThe South Indian Bank 25.0 CRISIL AA-/StableLimited

II Lonl! Term Loan DCB Bank Limited 27.0 CRISIL AA-/Stable12 Lom! Tcrm Loan Bank of Maharashtra 50.0 CRISIL AA-/Stable13 Lonl! Term Loan IDBI Bank Limited 25.0 CR1SIL AA./Stable

14 Long Term LoanUnion Bank Of India 25.0 CRISIL AA./StableLimited

15 Long Term Loan Andhra Bank 25.0 CR1SIL AA./Stablc16 Lonl! Term Loan Induslnd Bank Limited 40.0 CRISIL AA-/Stable

17 Long Term LoanOriental Bank of 25.0 CRISIL AA-/StableCommerce

IS Lon' Ternl Loan Axis Bank Limited 40.0 CRISIL AA-/Stable19 Lon' Term Loan State Bank oflndia 150.0 CRISIL AA-/Stable

20Working Capital Demand RBL Bank Limited 25.0 CRISIL AA-/StableLoanTotal 862.0

A CRIS/L rating reflects CRISIL's current opinion on the /,kelihood of timely payment of the obligations under /he rated instrument anddoes not constitute an audit of the rated entity by CRISIL. CRISIL ratings are based on information provided by /he issuer or obtainedby CRIS/L from sources it considers reliable. CR/SIL does not guarantee the completeness or accuracy of the information on which theratmg is based. A CRISIL rating is not a recommendation to buy, sei!. or hold the rated instrument; it does not comment on the marketpn'ce or suitability for a particutar investor. A/I CRIS/L ratings are linder SliNeillance. CRISIL or its associates may have othercommercia/transactions with the company/entity. Ratings are revised as and when circumstances so warrant, CRISIL Is not responsiblefor any errors and especialiy states that it has no financial/iability whatsoever to the subscribers / users / transmitters / distributors ofthis proovct. CRIS/L Ratings rating criteria are availab/e without charge to the public on the CRISIL web site. www.cnsil.com. For thelatest ratmg information on any instrument of any company rated by CRIS/L, please contact Customer ServICe Helpdesk at 1800-267-1301.

Imlted

Corporate Identity Number: L67120MH1987PLC042363

CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai • 400076. Phone: +91 22 3342 3000 I Fa.: +91 2240405800www.crislLcom

RatingsASIIFCU224242/PPMLD/05312019May 31, 2019

I\lr. Shallbhadra ShahChief Financial Officer:\Iotilal Oswaillome Finance LimitedMatilal Oswal TowerGokhale Road, PrabhadcviMumbai - 400025

Dear Mr. Shalibhadra Shah.

CONFIDENTIAL.CRISILAn S&P Global Company

Rl,': CRISIL Rating for the RS.IOO Crore Long-Term Principal Protecled Mark!.'! Linked Debentures of l\IotilalOswal Home Finance limited

We refer 10 your request for a rating for the captioned Long Ternl Principal Protected Market Linked Debentures.

CRISIL has, after due consideration, assigned a "CRlSIL PP-MLD AA-rIStable" (pronounced "CRISIL PP-MLD doubleA minus r rating with Stable outlook") rating to the captioned debt instrument. Instruments with this rnting arc considered tohave high dq,'Tee of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk,

A prefix of 'PP-MLD' indicales dUll the instnllllenl is {/ principal-protected market-linked debenture. The 1{'fIllS of slichinstnlll1e/1/S im/icare Ihar while Ihe is.fller promises to pay back tireface vallie/principal of the inSlmll/ent, Ihe COUPOIIralesof Ihese instm/l1efllS will not be fixed, and could be linked 10 one or 1II0re external variables such as commodity prices.equity share prices, indices, or foreign exchange rares. n,e 'r'sllffi.t indicales that payme/1/s all Ihe rated instntllle/ll hal'esignificanl risks other than credit risk. 17le terms of the instrument .~pecify that the payments 10 ill\'eSlOrs willnof be fixed,all/I could be /inkt'd to onc or lIIore exlt'mal variables sllch as cO//llI/odity prices, eqllily indices, or foreign e.ulwnge "lies.17lis could reslIlt ill variabiliry ill relllrns beclillse of adverse movemenl in value of the e.tlernal mriables, (Jlldlor possiblematerial loss of principal 011 eurly rer/emptioll of Ihe instfUmellf. The risk of Sljch adverse //IOI'ellle"f in price I I'allie is 110/addressed by Ihe ralillg.

For Ihe purpose of issuance of the captioned debt instrument, this letter is valid for 180 calendar days from the date of theletter. In the event of your company not placing the above instrument within this period. or in the event of any change in thesizcistructure of your propos •.-d issue. the rating shall have to be reviewed and a leiter of revalidation shall have to be issuedto you. Once the instrument is issued, the above rating is valid throughout the life of the captioned debt instrument.

As per our Rating Agreement, CRISIL would disseminate the rating along ••••.ith outlook through its publications and othermedia, and keep the rating along with outlook under surveillance tor the life of the instrument. CRISIL rcserve~ the right towithdraw, or revise the rating I outlook assigned to the captioned programme at any lime. on the basis of new information. orunavailability of intormation. or other circumstances which CRISIL believes may have ,In impact on the rating.

As per the latest SEIlI circular (reference number: CIRlIMDIOF/17120 13; dated October 22, 2013) on centralized d,ltahasefor corporate bondsidebeillures, you are required to provide international securities identiticatioll number (lSIN; along withthe reference number and the date of the rating letter) of all bond/debenture issuances made against this rating letter to us.The circular also requires you to share this information with us within 2 days after the allotment of the ISIN. \"l/e request ynuto mail us all the necessary and relevant intormalion at debtissue@crisil.com. This will enable CRISIL to verify and conrmnto the depositories. including NSOL and COSL, the ISIN details of debt raled by us, as required by SEll!. Feel tree tocontact us for any clarifications you may have at debtissue@;crisil.com

Should you require any clarifications, please feci free to contact us.

With warm regartls,

Yours sincerely,

L..---- ~RalTla PatelDirector - CRISIL Ratings

-,,~---~y-~ -Nivedita ShibuAssociate Director - CRISIL Ratings

~q;;HCRISIL

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"A"C"R;;'''S"ii<L-,","ti;og;;-;".'''Ied;;:;;,CC''''R'''S''''-L'',O,""~rr;.Co'"op;;i;oo;;COOM;;;C'.h;.",",.;'",ihOoodo;;;O"""C~;;;;'yCp;;,.y;m;;••oO,O"''''hC"";;,,,,Oig;;'''tiooOm',",,"O;;,,,.;;,,,,;;.;;-;;,,,,,;,,ri;;io;;,.'ro;;;;mO.Oo"'~";;",,,..,does not consll/ute an audit of Ihe rated entity by CRISIL CRIStL ratings afe based on information provided by the issuer or obtainedby CRtSIL Irom sources it considers reliable. CRI$IL does not guarantee the completeness or at;curacy of the information 011 which therallng is based, A CRtS!L raling is not a recommendation /0 buy. se1/.Of hold the rated instrument; il does no/ commenr on the m;;1rketprice or suitability for a particular investor. All CRISIL ratings are under surveillance. CRIS/L or ilS associates mily have othercommercia/transactions with 1/18 comparJylentlty. Ratings <J!..v,f';Yisf{qa$.~'1dwhen circumstances so warrant, CRISIL is not responsiblefor any errors and especially slates that il has m) IinanciaHlalJirl/y ~ver /0 me subscnbers I users I transmJlters I dis/flbuto's ofthis product, CRI$IL Ratongs ral~ng cr.Go'llalllltlB*nb'tyN((robtlr:tl.;8iJUOM'H:'1S8Il1RlOO42li6G"RISIL web site, MVWcnSll,com For the

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Ratings

netllils arlhe Rs.IOO Crorl' Long-Term Principal Protected Market Linked Debentures ofMolilal Oswailiome Finance Limited

CRISILAn S&P Globa! Company

1st lranlohe 2nd trtlnche l,d (rundle

Inslnullen/ Series:

Amount Place,/:

Ma/llrity Period:

Put or Call Oplions (if any):

COUPOII Rate:

/merest Paymenl Dales:

Principal Repayment De/ails: Dole Amount Dale Amouill Dale Amount

Inl'eslors:

Trustees:

In case there is an offer document for the captioned Debt issu('. please send us a copy of it.

"A"C'R'I"S"IL;-;I;'"fjn~g;;-;ffi;;;;"~'MI",'C'R"'ISe'"L"'C,~uO,"ffi~'~t'o~p~'"'"."';-;;O~"I"h;"I';k"."I;'hood;;;;;r;o'I't,"mO.~I",Y'pO';y"m~ffi;;;;t'o~f'l"hO.Cob;;;;I"'"O,.t",,",",CuO,Od<,;,Ct"h",C",""~d"';,O'"t'N;'m;;;;.'m;-;;"'"d~does not constiMe an audit of the rated entity by CRISIL CRISIL ratings are based on information provided by the issuer or obtainedby CRISIL from sources it considers reliable. CRISIL does nos guarantee the completeness or accuracy of the information on which theratmg is based. A GRISIL rating is not a recommendation to buy. sell, or hold the raled instrument; it does not comment on the marketprice or suitability for a particular Investor. All CRtSIL ratings are under surveillance. CRISIL or its associates may have othercommercial transactions With /he company/entity, Ratings are revised as and when circumstances so warrant, CRISIL is not responsiblefor any errors and especially states that it has no financiaNM~'\y~ver to the subscribers / users / transmitters / distributors ofthis product. CRISIL Ratings rating ClCff;'lWM.,tcM~1Ift.Iffltltl~.1oIIofH!la811/lqJXJ4'!OO~RISIL web site. www.crisil.com For the

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www.crisll.com

Ratings

ASHFCU224242/NCD/05 [902144May 31, 2019

I\lr. Shalibhadra ShahChief Financial OfficerJ\Iotilal Oswal 110mI' Finance LimitedMatilal Oswal TowerGokhale Road, PrabhadcviMumbai - 400025

Dear Mr. Shalibhadra Shah,

CONFlIlENTIAL

CRISILAn S&P Global Company

Rc: Review of CRISIL Rating on the Rs.lOOOCrore Non-Convertible Debentures of Malilal Oswal HOllleFinance limited

All ratings assigned by CRISIL aTC kept under continuous surveillance amI review.

CRISIL has, after due consideration. upgraded the rating for the captioned debt instrument 10 "CRISIL AA-/Stablc" (pronounced as CRlSIL double A minus rating with Stable outlook) from CRISIL A+/Stable(pronounced as CRISIL A Plus rating with Stable outlook). Instruments with this rating are considered to havehigh degree of safely regarding timely servicing of financial obligations. Such instruments carry very low creditrisk.

In the event of your company not making the issul: within a period of 180 days from the above date, or in theevent of any change in the size or structure of your proposed issue, a fresh lctter of revalidation from CRISILwill be necessary.

As per our Rating Agrcement, CRISIL would disseminate the rating along with outlook through its publicationsand other media, and keep the rating along with outlook under surveillance for the life of the instrument.CRISIL reserves the right to withdr.IW or revise the ratings assigned to the captioned instrument at any time, onIhe basis of new infomlation, or unavailability of information or other circumstances, which CRlSIL believes,may have an impact on the mting.

As per the [atest SEBI circu[<lr (reference number: CIRlIMD/DFIl712013: dated October 22, 2013) onccntmlized database for corporate bonds/debentures, you arc required to provide international securitiesidentification number (ISIN; along with the reference number and the date of the rating letter) of allbond/debenture issuances lll<lde ag<lillst this rating leUer to us. The circular also requires you to share thisinfonn<ltioll with us within 2 days <lftl:rthe <lllotmcnt of the ISIN. We request you to mail us all the necessaryand relcvant infonn<ltion at debtissuc@;crisi1.com. This will I:nable CRISIL to verify and confirm to thedepositories, including NSDL and CDSL, the ISIN details of debt rated by us. as required by SEB!. Feci frec tocontact us for any clarifications you may haw at dl:btissue@crisiLcolll

Should you rl:quire any clarifications, please fccl frel: to get in touch with us.

With wann regards,

Yours sincerely,

Rama PalelDirector - CRISIL Ratings

~~ -~~--:-Nivcdita ShibuAssociate Director - CRISIL Ratings

rl~<r:,",' :.- . ..

r.A"'COR"'S"IL"'"OtinOg;;-;;"'n.",;;,,orC"R"'S"ILC','"","Cff",Off:;-' o'P;;;'ffo~;;;;-~oo;;-;;"O,C""k,"'""0ood;;;;-';;;("'"'~;;;;;'yCp;;;,CyOmo,;;;",c,;;("""C,",",,,",",",,Off';;-;;"ff;;;d;;,O,,,,,O,C,"m""';;-;'ffO''''NCm='ff;;'C,OffOd'does nol constitute an audit of the fared entity by CRISIL. CRISIL ralings are based on information provided by the issuer or obtainedby CRIStL from sources II considers reliable. CRISIL does not guarantee the completeness or accuracy of rhe informalion on which therating is based. A CRISIL rating is not a recommendation to buy. sell, or hold the rared instrument: it does not commenl on tile marlierprice or suitability for a particular invesror All CRISIL ratings are under surveillance. CRISIL or Its associates may have othercommerciat transactions with Ihe company/entity. Ratings are revised as and when circumstances so warrant. CRISIL is not responsiblefor any etTors and especially srates that it has no financialliaMlly whatsoever 10 the subscribers I users Itransmitlers I disrributors ofthis prodllCt. CRISIL Ratings rating criteria are available ~Rf'gIL'~IHSI'fe'a the public on the CRISIL web sire, www.criSll.com. For tileta/est rating informarion on any instrufQent of 1M comoanv rated .bl! CRISIL, .Dleilie conl.KI Customer Service Helpdesli at 1800-267.1301. Corpora el<lentrty Number.l67120MH198 PLC042J63

CRISILHouse, Central Avenue, Hiranandani Business Park, Powal, Mumbai - 400076. Phone: t91 22 3342 3000 I Fa~: +91 2240405800www.crlsll.com

Ratings

ASlIFCU224242/NCD/051902145May 31, 2019

~lr. Shalibhadra ShahChicfFinancia] Ofliccrl\1otilal Oswal lIome Finance LimitedMotilal Oswal TowerGokhale Road, PrabhadcviMumbai - 400025

Dear Mr. Shalibh;Jdra Shah,

CONFIDENTIAL

CRISILAn S&P Global Company

Re: Review of CIUSIL Ibting on the Non-Convertible Debentures Aggregating Rs.350 Crore of l\lotilalOswal Home Finance Limited

All nllings assigned by CRlS1L arc kept under continuous surveillance and review.

CRISIL has, after due consideration, upgraded the rating for the captioned debt instrument to "CRISIL AA-IStablc" (pronounced as CRISIL double A minus rating with Stable outlook) from CRISIL A+/Stablc(pronounced as CRISIL A Plus rating with Stable outlook). Instruments with this rating arc considered to havehigh degree of safety regarding timely servicing of financial obligations. Such instruments carry very low creditrisk.

In the event of your company not making the issue within a period of 180 days from the above Jate, or in theevent of any change in the size or structure of your proposed issue, a fresh leiter of revalidation from CRISILwill be necessary.

As per our Rating Agreement, CRISIL would disseminate the rating lliong with outlook through its publicationsand other media, and keep the rating along with outlook under surveillance for the life of the instrumcnt.CRISIL rcscrvcs thc right to withdraw or revise the ratings assigned to the captioned instrument at any time, onthe basis of ncw information, or unavailability of information or other circumstances, which CRISIL believes,may have an imp:lct on the rating.

As per the [lltest SEBI circular (reference number: CIRIIMD/DFII712013; ~Iatcd October 22, 2013) oncentralized database for eorpor:lte bonds/debentures. you arc required to provide international securitiesidentification number (ISIN; along with the reference numher and tbe date of the rating letter) of allbond/debenture issuances made against this rating leiter to us. The circular also requires you to share thisinfomlation with us within 2 Jays after the allotment of the ISIN. We request you to mail us all the necessaryarlll rc1evant information at debtissue@crisil.com. This will enable CRISIL to verify and confirm 10 thedepositories. including NSDL :md COSL, the ISIN details of debt rated by us, as required by SEBI. Feci free tocontact us for any clarifications you may have at debtissue@crisil.com

Should you require any clarifications, please feci free to get in touch with us.

With warm regards,

Yours sincerely,

Rama PatelDirector - CRISIL Ratings

-----~--~~-.Nivedita ShibuAssociate Director - CRISIL Ratings

.•' ..-

A CRISIL rating reflects CRISIL's current opinion on /he likelihood of timely payment of the obligations under the rated instrument anddoes not constitute an audit of the rated entity by CRISIL. CRISIL ratings are based on information provided by the issuer or obrame<1by CRISIL from sources it considers reliable. CRISIL does not glJarantee the completeness or accuracy of lhe information on which theralmg Is based. A CRISIL rating is not a recommem1alion 10 buy. sell. or hold Ihe rated instrument; it does nol comment on the marketprICe or suitability for a particular investor. All CRISIL ratings are under slJrveillance. CRISIL or its associates may have othercommercia/transactions with /he company/entity. Ratings are revised as and when cirCumstances so warrant. CRISIL is not responsiblefor any errors and especially slales Ihat il has no financial liability whatsoever to the subscnbers / users / transmlrters / distributors oftllis product. CRISIL Rarmgs raring criteria are available ~Let?fKg,~ the public on Ihe CRISIL web site. WMV.cnsil.com. For Illelillest raMg m/ormation on any instruIDent of ani' c0'IlPanv rated by' CRISIL, ,O/IiMit CPfIli;lct Customer Service Helpdesk at 1800.267-1301. Corporate dentrty Number: 1;:67120Mnl!l8WLt,;D42363

CRlsrLHouse, Central Avenue,Hiranandani 8usiness Park, Powai,Mumbai - 400076. Phone: +91 223342 3000 I FIlJl: +91 224040 5800_w.crlsll.com

Ratings

ASHFCU224242/CP/051902146May 31, 2019

;\Ir. Shalibhadra ShahChief Financial OfficerMotHal Oswal Horne Finance limitedMatilal Oswal TowerGokhale Road, PrabhadeviMumbai - 400025

Dear Mr. Shalibhadra Shah,

CONFIDENTIAL

CRISILAn S&P Global Company

Rc: Review of CRISIL Rating on the Rs.l000 Crore Commercial Paper of MotHal Oswal HOllie FinanceLimited

All ratings assigned by CRISIL aTC kept under continuous surveillance and review.

CRISIL has, after due consideration, reaffirmed its "CRISIL AI+" (pronounced as CRISIL A one plus mting)rating on the captioned debt instrument. Instruments with this rating are considered to have very strong degreeof safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

For the purpose of issuance of the commercial paper programme, this letter is valid for 60 calendar days fromthe date of the letter. In the event of your company not placing the above instrument within this period, or in theevent of any change in the size/structurc of your proposed issue, the rating shall have to be reviewed and a lettcrof revalidation shall have to be issued to you. Once the instrument is issued, the above rating is valid (unlessrevised) throughout the life of the eommcrcial paper programme with a maximum maturity of onc year.

As per our Rating Agreement. CRISIL would disseminatc the rating through its publications and other media.and keep the rating under surveillance for the life of the instrument. CRISIL reserves the right to withdraw orrevise the ratings assigned to the captioned instrument at any time. on the basis of new infonnation. orunavailability of information or other circumstances. which CRISIL believes, may have an impact on the rating.

Should you require any clarifications, please feel free to get in touch with us.

With wann regards,

Yours sincerely,

Rama PatelDirector - CRISIL Ratings

~~~---~>;: ...-;;-,,--Nivedita ShibuAssociate Director - CRISIL Ratings

A CRISIL rating reflects CRISIL's current opinion on the likelihood of timely payment of lIle obligations under the rated inslrument anddoes not constitute an audit of Ihe rated entity by CRI$IL CRI$IL ratings are based on information provided by the issuer or obtainedby CRI$IL from sources it considers reliable. CRISIL does not guarantee Ihe completeness or accuracy of the information on which therating is based. A CRIS/L raling ;s not a recommendation 10 buy. sell. or hold Ihe rated instrument; it does not comment on the markelprice or suitability far a partiCular investor. All CRISIL ratings are under surveillance, CRISIL or ilS associates may have othercommercial transactions with the company/entity, Ratings are revised as and when circumstances so warrant. CRISIL is not responsiblefor any errors and especially states that it has no finanCial liability whalsoever to the subscribers / users / transmitters / (iistnbutars ofthis product. CRI$IL Ratings rating criteria are available wllhol.Jf charge 10 the public on Ihe CRISIL web SIte. wwwcrisil,com. For thelatest raring intarmation on any instrument of any compantRlIgf( ~Jrf({ffiJL. please contact Customer Service Helpdesk at 1800-267-1301.

CRISIL Hause, Central Avenue, Hiranandani Business Park, Pawai. Mumbai - 400076. Phane: +91 2233"23000 r Fa~; +91 22 "040 5800www.crlsll.com