Common use of OWNERSHIP OF THE OFFERED SHARES Clause in Contracts

OWNERSHIP OF THE OFFERED SHARES. 4.1 The Parties agree that during the period that the Offered Shares are held in the Escrow Demat Account, any dividend declared or paid on the Offered Shares shall be to the credit of the Promoter Selling Shareholder and, shall be released into the bank account of the Promoter Selling Shareholder as may be notified in writing by the Promoter Selling Shareholder. In addition, until the Closing Date, the Promoter Selling Shareholder shall continue to exercise its rights in relation to the Offered Shares, including, without limitation, the voting rights attached to the Offered Shares. During the period that the Offered Shares are held in the Escrow Demat Account, the Promoter Selling Shareholder shall be entitled to give any instructions in respect of any corporate actions (not being in the nature of a Transfer, except pursuant to the Offer in accordance with the terms of the Red Xxxxxxx Prospectus, the Prospectus or this Agreement), as legal and beneficial owner of the Offered Shares. Notwithstanding the aforesaid, the Allottees of the Final Sold Shares shall be entitled to dividends and other corporate benefits, if any, declared by the Company after the Closing Date subject to Applicable Law and such Final Sold Shares shall rank pari-passu to the Equity Shares.

OWNERSHIP OF THE OFFERED SHARES. 4.1 The Parties agree that during the period that the Offered Shares are held in escrow in the Escrow Demat Account, any dividend declared or paid on the Offered Shares shall be credited to the credit respective Selling Shareholders, to the extent of their respective portion of the Promoter Selling Shareholder Offered Shares and, if paid, shall be released by the Company into the respective bank account accounts of the Promoter Selling Shareholder Shareholders, as may be notified in writing by the Promoter respective Selling ShareholderShareholders. In addition, until the Closing Date, the Promoter Selling Shareholder shall continue to exercise its rights in relation to the Offered Shares, includingeach of the Selling Shareholdersshall, without limitationseverally and not jointly, continueto be the beneficial and legal owner of their respective portion of the Offered Shares and continue to exercise all their respective rights, including voting rights attached to the their respective Offered Shares. During the period that the , and enjoy any related benefits, until such Offered Shares are held in the Escrow Demat Account, the Promoter Selling Shareholder shall be entitled to give any instructions in respect of any corporate actions (not being in the nature of a Transfer, except pursuant credited to the Offer in accordance with the terms demat accounts of the Red Xxxxxxx Prospectus, Allottees on the Prospectus or this Agreement), as legal and beneficial owner of the Offered SharesClosing Date. Notwithstanding the aforesaid, and without any liability of the Selling Shareholders, the Allottees of the Final Sold Shares shall be entitled to dividends and other corporate benefitsbenefits attached to the Offered Shares, if any, declared by the Company after the Closing Date Date, subject to Applicable Law and such Final Sold Shares shall rank pari-pari passu to the Equity Shares.

OWNERSHIP OF THE OFFERED SHARES. 4.1 The Parties agree that during the period that the Offered Shares are held in escrow in the Escrow Demat Account, any dividend or other distribution declared or paid on the Offered Shares shall be credited to the credit respective Selling Shareholders, to the extent of their respective portion of the Promoter Selling Shareholder Offered Shares and, if paid, shall be released by the Company into the a bank account of the Promoter Selling Shareholder account, as may be notified in writing by the Promoter respective Selling ShareholderShareholders. In addition, until the Closing Date, the Promoter Selling Shareholder shall continue to exercise its rights in relation to the Offered Shares, includingeach of the Selling Shareholders shall continue to be the beneficial and legal owner of the respective portion of the Offered Shares and exercise all their respective rights, without limitation, the including voting rights attached to the its Offered Shares. During the period that the , and enjoy any related benefits, until such Offered Shares are held in the Escrow Demat Account, the Promoter Selling Shareholder shall be entitled to give any instructions in respect of any corporate actions (not being in the nature of a Transfer, except pursuant credited to the Offer in accordance with the terms demat accounts of the Red Xxxxxxx Prospectus, Allottees on the Prospectus or this Agreement), Closing Date as legal and beneficial owner of the Offered Sold Shares. Notwithstanding the aforesaidabove, and without any liability on the Selling Shareholders, the Allottees of the Final Sold Shares shall be entitled to dividends and other corporate benefitsbenefits attached to the Sold Shares, if any, declared by the Company after the Closing Date Date, subject to Applicable Law and Law. Notwithstanding anything stated in this Agreement, such Final Sold Shares shall rank pari-pari passu to the Equity Shares.

OWNERSHIP OF THE OFFERED SHARES. 4.1 The Parties agree that during the period that the Offered Shares are held in escrow in the Escrow Demat AccountAccount in terms of this Agreement, any dividend declared or paid on the Offered Shares shall be credited to the credit respective Selling Shareholders, to the extent of their respective portion of the Promoter Selling Shareholder Offered Shares and, if paid, shall be released by the Company into the a bank account of the Promoter Selling Shareholder account, as may be notified in writing by the Promoter respective Selling ShareholderShareholders. In addition, until in relation to their respective Offered Shares, each of the Closing Date, the Promoter Selling Shareholder Shareholders shall continue to exercise its rights in relation all their respective rights, including but not limited to the Offered Shares, including, without limitation, the voting rights attached to the its Offered Shares. During the period that the , and enjoy any related benefits, until such Offered Shares are held in the Escrow Demat Account, the Promoter Selling Shareholder shall be entitled to give any instructions in respect of any corporate actions (not being in the nature of a Transfer, except pursuant credited to the Offer in accordance with the terms demat accounts of the Red Xxxxxxx Prospectus, Allottees on the Prospectus or this Agreement), as legal and beneficial owner of the Offered SharesClosing Date. Notwithstanding the aforesaidabove, and without any liability on the Selling Shareholders, the Allottees of the Final Sold Shares shall be entitled to dividends and other corporate benefitsbenefits attached to such Sold Shares, if any, declared by the Company after the Closing Date Date, subject to Applicable Law Laws. Notwithstanding anything stated in this Agreement, and without any liability on any of the Selling Shareholders, such Final Sold Shares shall rank pari-pari passu to with the existing Equity Shares.

OWNERSHIP OF THE OFFERED SHARES. 4.1 The Parties agree that during the period that the Final Offered Shares are held in escrow in the Escrow Demat Account, any dividend or other distribution declared or paid on the Final Offered Shares shall be credited to the credit Selling Shareholder, to the extent of their portion of the Promoter Selling Shareholder Final Offered Shares and, if paid, shall be released by the Company into the bank account of the Promoter Selling Shareholder account(s), as may be notified in writing by the Promoter Selling Shareholder. In addition, until the Closing Date, the Promoter Selling Shareholder shall continue to exercise its rights in relation to the Offered Shares, the Selling Shareholder shall continue to be the legal and beneficial owner of the Offered Shares and continue to exercise all their respective rights, including, without limitation, the voting rights attached to the its Final Offered Shares. During , and enjoy any related benefits, until the period that the Offered Sold Shares are held in the Escrow Demat Account, the Promoter Selling Shareholder shall be entitled to give any instructions in respect of any corporate actions (not being in the nature of a Transfer, except pursuant credited to the Offer demat accounts of the Allottees on the Closing Date, in accordance with the terms of the Red Xxxxxxx Prospectus, Prospectus or the Prospectus or this Agreement(as applicable), as legal and beneficial owner of the Offered Shares. Notwithstanding the aforesaidabove and without any liability to the Selling Shareholder, the Allottees of the Final Sold Shares shall be entitled to dividends dividends, and other corporate benefitsbenefits attached to the Sold Shares, if any, declared by the Company Company, after the Closing Date Date, subject to Applicable Law Law. Notwithstanding anything stated in this Agreement and without any liability on the Selling Shareholder, such Final Sold Shares shall rank pari-pari passu to the Equity Shares.

OWNERSHIP OF THE OFFERED SHARES. 4.1 The Parties agree that during the period that the Offered Shares are held in escrow in the Escrow Demat Account, any dividend or other distribution declared or paid on the Offered Shares shall be credited to the credit respective Selling Shareholders, to the extent of their respective portion of the Promoter Selling Shareholder Offered Shares and, if paid, shall be released by the Company into the a bank account of the Promoter Selling Shareholder account, as may be notified in writing by the Promoter respective Selling ShareholderShareholders. In addition, until the Closing Date, the Promoter Selling Shareholder shall continue to exercise its rights in relation to the Offered Shares, includingeach of the Selling Shareholders shall continue to be the beneficial and legal owner of the respective portion of the Offered Shares and exercise all their respective rights, without limitation, the including voting rights attached to the its Offered Shares. During the period that the , and enjoy any related benefits, until such Offered Shares are held in the Escrow Demat Account, the Promoter Selling Shareholder shall be entitled to give any instructions in respect of any corporate actions (not being in the nature of a Transfer, except pursuant credited to the Offer in accordance with the terms demat accounts of the Red Xxxxxxx Prospectus, Allottees on the Prospectus or this Agreement), Closing Date as legal and beneficial owner of the Offered Sold Shares. Notwithstanding the aforesaidabove, and without any liability on the Selling Shareholders, the Allottees of the Final Sold Shares shall be entitled to dividends and other corporate benefitsbenefits attached to the Offered Shares, if any, declared by the Company after the Closing Date Date, subject to Applicable Law and Law. Notwithstanding anything stated in this Agreement, such Final Sold Shares shall rank pari-pari passu to the Equity Shares.

OWNERSHIP OF THE OFFERED SHARES. 4.1 The Parties agree that during the period that the Offered Shares are held in escrow in the Escrow Demat Account, any dividend declared or paid on the Offered Shares shall be credited to the credit respective Selling Shareholders, to the extent of their respective portion of the Promoter Selling Shareholder Offered Shares and, if paid, shall be released by the Company into the a bank account of the Promoter Selling Shareholder account, as may be notified in writing by the Promoter respective Selling ShareholderShareholders. In addition, until the Closing Date, the Promoter Selling Shareholder shall continue to exercise its rights in relation to the Offered Shares, includingeach of the Selling Shareholders shall, without limitationseverally and not jointly, continue to be the voting rights attached to beneficial and legal owner of the Offered Shares. During the period that respective portion of the Offered Shares and shall continue to exercise all their respective rights in relation to their respective Offered Shares, including but not limited to voting rights and dividends, attached to its Offered Shares, and enjoy any related benefits, until such Offered Shares are held in the Escrow Demat Account, the Promoter Selling Shareholder shall be entitled to give any instructions in respect of any corporate actions (not being in the nature of a Transfer, except pursuant credited to the Offer in accordance with the terms demat accounts of the Red Xxxxxxx Prospectus, Allottees on the Prospectus or this Agreement), as legal and beneficial owner of the Offered SharesClosing Date. Notwithstanding the aforesaidabove, and without any liability on the Selling Shareholders, the Allottees of the Final Sold Shares shall be entitled to dividends and other corporate benefitsbenefits attached to such Sold Shares, if any, declared by the Company after the Closing Date Date, subject to Applicable Law and Law. Notwithstanding anything stated in this Agreement, such Final Sold Shares shall rank pari-pari passu to the Equity Shares.