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e of financial products and/or services, customers should carefully read the relevant disclosures, prospectuses and other documentation. "Moody's", "Standard & Poor's", and "Fitch" mentioned in this report are not registered credit rating agencies in Japan unless Japan or "Nippon" is specifically designated in the
repared by Deutsche Equities India Private Limited (DEIPL) having CIN: U65990MH2002PTC137431 and registered office at 14th Floor, The Capital, C-70, G Block, Bandra Kurla Complex Mumbai (India) 400051. Tel: + 91 22 7180 4444. It is registered by the Securities and Exchange Board of India (SEBI) as a Stoc
e of financial products and/or services, customers should carefully read the relevant disclosures. prospectuses and other documentation. "Moody's", "Standard & Poor's", and "Fitch" mentioned in this report are not registered credit rating agencies in Japan unless Japan or "Nippon" is specifically designated in the
repared by Deutsche Equities India Private Limited (DEIPL) having CIN: U65990MH2002PTC137431 and registered office at 14th Floor, The Capital, C-70, G Block, Sandra Kuria Complex Mumbai (India) 400051. Tel: + 91 22 7180 4444. It is registered by the Securities and Exchange Board of India (SEBI) as a Stoc
e of financial products and/or services, customers should carefully read the relevant disclosures, prospectuses and other documentation. "Moody's", 'Standard & Poor's, and 'Fitch" mentioned in this report are not registered credit rating agencies in Japan unless Japan or "Nippon' is specifically designated in the
repared by Deutsche Equities India Private Limited (DEIPL) having CIN: U65990MH2002PTC 137431 and registered office at 14th Floor. The Capital. C-70, G Block. Sandra Kuria Complex Mumbai (India) 400051. Tel: + 91 22 7180 4444. It is registered by the Securities and Exchange Board of India (SEBI) as a Stoc
e of financial products and/or services, customers should carefully read the relevant disclosures, prospectuses and other documentation. "Moody's", "Standard & Poor's", and "Fitch" mentioned in this report are not registered credit rating agencies in Japan unless Japan or "Nippon" is specifically designated in the
repared by Deutsche Equities India Private Limited (DEIPL) having CIN: U65990MH2002PTC137431 and registered office at 14th Floor, The Capital, C-70, G Block, Bandra Kuria Complex Mumbai (India) 400051. Tel: + 91 22 7180 4444. It is registered by the Securities and Exchange Board of India (SEW) as a Stock
e of financial products and/or services, customers should carefully read the relevant disclosures, prospectuses and other documentation. "Moody's", "Standard & Poor's", and "Fitch" mentioned in this report are not registered credit rating agencies in Japan unless Japan or "Nippon" is specifically designated in the
repared by Deutsche Equities India Private Limited (DEIPL) having CIN: U65990MH2002PTC137431 and registered office at 14th Floor, The Capital, C-70, G Block, Sandra Kurla Complex Mumbai (India) 400051. Tel: + 91 22 7180 4444. It is registered by the Securities and Exchange Board of India (SEBI) as a Stoc
e of financial products and/or services, customers should carefully read the relevant disclosures, prospectuses and other documentation. "Moody's". "Standard & Poor's", and "Fitch" mentioned in this report are not registered credit rating agencies in Japan unless Japan or "Nippon" is specifically designated in the
Prepared by Deutsche Equities India Private Limited (DEIPL) having CIN:U65990MH2002PTC137431 and registered office at 14th Floor, The Capital. C-70. G Block, Bandra Kurla Complex Mumbai (India) 400051. Tel: + 91 22 7180 4444. It is registered by the Securities and Exchange Board of India (SEBI) as a Stoc
Entities connected to both Standard & Poor's and G Block

Moody's
ORGANIZATION
Deutsche Bank
ORGANIZATIONNippon
ORGANIZATION
United Kingdom
LOCATIONthe Kanto Local Finance Bureau
ORGANIZATION
Frankfurt
LOCATIONBaFin
ORGANIZATIONDeutsche Bank Securities Inc.
ORGANIZATIONDeutsche Securities Inc.(DSI
ORGANIZATIONthe Federal Republic of Germany
LOCATIONDeutsche Bank AG Johannesburg
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONThe Financial Futures Association of Japan
ORGANIZATIONthe European Central Bank
ORGANIZATION
South Africa
LOCATIONDeutsche Equities India Private Limited
ORGANIZATIONDEIPL
ORGANIZATIONCapital Market Segment
ORGANIZATIONF&O Segment
ORGANIZATIONMerchant Banker
ORGANIZATION