: CRISIL Ratings :
Infrastructure Development Finance Company Ltd
May 03, 2011
Mumbai
INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED

Transaction Name Originator Nature of Receivables Instrument Details Amount Rated (Rs. Million) Rating
IRST Series VII Infrastructure Development Finance Company Ltd Unsecured loan receivables from Vodafone Essar Spacetel Ltd, Vodafone Essar South Ltd, Vodafone Essar Digilink Ltd, and Vodafone Essar Cellular Ltd Series A1 PTCs 4195.1 P1+(so) [Withdrawn]

The rating assigned to the above instrument has been withdrawn, as all the payouts have been made to the investors in full.

Media Contacts Analytical Contacts CRISIL Rating Desk
Mitu Samar
Head, Market Development & Communications
CRISIL Limited
Tel: +91-22- 3342 1838
Mobile No: +91- 9820061934
Email: msamar@crisil.com

Tanuja Abhinandan
Market Development & Communications
CRISIL Limited
Tel: +91-22- 3342 1818
Email: tabhinandan@crisil.com
Pawan Agrawal
Director - CRISIL Ratings
Tel: +91-22-3342 3301
Email: pagrawal@crisil.com

Kunal Agrawal
Senior Manager - CRISIL Ratings
Tel: +91-22-3342 3311
Email: kagrawal@crisil.com
Tel: +91-22-3342 3047 / 3342 3064
Email: CRISILratingdesk@crisil.com

Note:
This rating rationale transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating rationale may be used by you in full or in part without changing the meaning or context thereof but with due credit to CRISIL. However, CRISIL alone has the sole right of distribution of its rationales for consideration or otherwise through any media including websites, portals etc.

CRISIL Complexity Levels are assigned to various types of financial instruments. The CRISIL Complexity Levels for the instruments featured in this document are available on www.crisil.com/complexity-levels. Investors are advised to refer to the CRISIL Complexity Levels for instruments that they propose to invest in. Investors can also call the CRISIL Helpline at +91 22 3342 3047 / + 91 22 3342 3064 with queries on specific instruments.


About CRISIL Limited
CRISIL is a global analytical company providing ratings, research, and risk and policy advisory services. We are India's leading ratings agency. We are also the foremost provider of high-end research to the world's largest banks and leading corporations.

CRISIL PRIVACY NOTICE
CRISIL respects your privacy. We use your contact information, such as your name, address, and email id, to fulfill your request and service your account and to provide you with additional information from CRISIL and other parts of The McGraw-Hill Companies, Inc. you may find of interest.
For further information, or to let us know your preferences with respect to receiving marketing materials, please visit www.crisil.com/privacy. You can view McGraw-Hill's Customer Privacy Policy at http://www.mcgraw-hill.com/site/tools/privacy/privacy_english. Last updated: March 31, 2011

Disclaimer: A CRISIL rating reflects CRISIL's current opinion on the likelihood of timely payment of the obligations under the rated instrument and does not constitute an audit of the rated entity by CRISIL. CRISIL ratings are based on information provided by the issuer or obtained by CRISIL from sources it considers reliable. CRISIL does not guarantee the completeness or accuracy of the information on which the rating is based. A CRISIL rating is not a recommendation to buy, sell, or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. All CRISIL ratings are under surveillance. Ratings are revised as and when circumstances so warrant. CRISIL is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of this product. CRISIL Ratings’ rating criteria are generally available without charge to the public on the CRISIL public web site, www.crisil.com. For the latest rating information on any instrument of any company rated by CRISIL, please contact CRISIL RATING DESK at CRISILratingdesk@crisil.com, or at (+91 22) 3342 3000.

May 03, 2011

http://www.crisil.com