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 | Ashima Ltd | Name of the acquirer and PACs with the acquirer | Amrashagun Investments Pvt Ltd | Details | Number | % | a) Shares / VR* before acquisition under consideration | 4,264,193 | 12.78% | b) Shares / VR* acquired /(sold) | 500,000 | 1.50% | c) Shares / VR* after acquisition / sale | 4,764,193 | 14.28% | Mode of acquisition / sale | Open Market | Date of acquisition / sale of shares | Feb 29, 2008 | *VR - Voting Rights |