0000950103-05-002451 Sample Contracts

•] American Depositary Shares Representing [•] Equity Shares par value Rs. 10 per share UNDERWRITING AGREEMENT December , 2005
Underwriting Agreement • December 5th, 2005 • Icici Bank LTD • Commercial banks, nec • New York

Merrill Lynch International Morgan Stanley & Co. International Limited Nomura International (Hong Kong) Limited as Representatives of the several Underwriters

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