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COMPLETED TRANSACTIONS

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REI Agro Limited – FCCB Issue
US $ 105 million

November 2009

Summary of Transaction
REI raised funds to expand its operations.

Fortune's Role
Fortune was the sole Indian Advisor to the Issue

Company Background
REI Agro is the largest integrated processor of basmati rice in the world and undertakes all aspects of production, from contract farming and procuring paddy to drying, de-husking, milling and polishing, color sorting, grading, inspecting, packing, branding, distributing and retailing.

GSS America Infotech Limited -
Buy Back Program US $ 1.79 Million

August, 2009

Summary of Transaction
GSS America Infotech Limited offered to buyback up to 9.86% of its Equity Capital from the existing shareholders by way of Buy Back from Open Market. GSS America Infotech Limited successfully bought back bought back 563,157 Equity Shares at an average price of Rs.152.19 per share aggregating Rs.85.71 million (US $ 1.79 million).

Fortune's Role
Fortune was Sole Manager/Advisor to the Buyback.

Company Background
GSS America Infotech is an Information Technology services provider, specializing in IT Consulting, IT Infrastructure Management Services and Enterprise Application Integration which focuses on customized IT solutions for industries in the areas of Financial Services, Insurance, Telecom, Manufacturing, Transportation, Healthcare, Legal and Power.

Alok Industries Limited -
Rights Issue $ 90 Million

April, 2009

Summary of Transaction
Alok Industries raised the funds mainly for long term working capital margin requirement and to comply with the continuous listing requirement of Stock Exchanges.

Fortune's Role
Fortune was the lead manager to the issue.

Company Background
Alok Industries Limited is one of the leading textile manufacturers and is engaged in the textile value chain from spinning to home textiles, garments and retailing of products manufactured by it.

JBF Industries Limited -
FCCB Buyback US $ 14.30 mn

March, 2009

Summary of Transaction
Partial Buyback and cancellation of FCCBs of USD 14.30 Millions at a discount 32.3% of the value

Fortune's Role
Fortune was the Sole Advisor to the transaction.

Company Background
JBF Industries Ltd. is engaged in the business of manufacturing Polyester Chips & Polyester Filament Yarn.

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