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 | Pan India Corporation Ltd | | Name of the acquirer and PACs with the acquirer | Neat Developers Ltd | | Details | Number | % | | a) Shares / VR* before acquisition under consideration | 32,005,425 | 14.938% | | b) Shares / VR* acquired /(sold) | 20,014,700 | 9.34% | | c) Shares / VR* after acquisition / sale | 52,020,125 | 24.281% | | Mode of acquisition / sale | Off Market Purchase | | Date of acquisition / sale of shares | Oct 18, 2008 | *VR - Voting Rights |