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 | Prime Securities Ltd | | Name of the acquirer and PACs with the acquirer | New Vernon Pvt Equity Ltd | | Details | Number | % | | a) Shares / VR* before acquisition under consideration | Nil | Nil | | b) Shares / VR* acquired /(sold) | 1,800,000 | 6.84% | | c) Shares / VR* after acquisition / sale | 1,800,000 | 6.84% | | Mode of acquisition / sale | Preferential Allotment | | Date of acquisition / sale of shares | Jan 28, 2008 | *VR - Voting Rights |