DEPOSIT AGREEMENTDeposit Agreement • August 14th, 2017 • Citibank,N.A./ADR • New York
DEPOSIT AGREEMENT, dated as of ___________, 2017, by and among (i) Aditya Birla Capital Limited, a company organized under the laws of India, and its successors (the “Company”), (ii) CITIBANK, N.A., a national banking association organized under the laws of the United States of America (“Citibank”) acting in its capacity as depositary, and any successor depositary hereunder (Citibank in such capacity, the “Depositary”), and (iii) all Holders and Beneficial Owners of Global Depositary Shares issued hereunder (all such capitalized terms as hereinafter defined).
