The Exchange has received the following disclosure under Regulation 7(1A) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997: Name of the Target company | Gujarat Lease Financing Ltd | Name of the acquirer and PACs with the acquirer | Gujarat Industrial Investment Corpn Ltd | Details | Number | % | a) Shares / VR* before acquisition under consideration | 2,550,976 | 9.40% | b) Shares / VR* acquired / (sold) | (101,408) | (0.37%) | c) Shares / VR* after acquisition / sale | 2,449,568 | 9.03% | Mode of acquisition / sale | Open Market | Date of acquisition / sale of shares | Jan 17, 2008 | *VR - Voting Rights |