The Exchange has received the following disclosure under Regulation 7(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997: Name of the Target company | Shanthi Gears Ltd | Name of the acquirer and PACs with the acquirer | HDFC Standard Life Insurance Co Ltd | Details | Number | % | a) Shares / VR* before acquisition under consideration | 3,790,307 | 4.64% | b) Shares / VR* acquired /(sold) | 327,120 | 0.40% | c) Shares / VR* after acquisition / sale | 4,117,427 | 5.04% | Mode of acquisition / sale | Open Market | Date of acquisition / sale of shares | Oct 22, 2008 | *VR - Voting Rights |