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 | 2,447,228 | 9.02% | | b) Shares / VR* acquired / (sold) | (15,145) | (0.05%) | | c) Shares / VR* after acquisition / sale | 2,432,083 | 8.97% | | Mode of acquisition / sale | Open Market | | Date of acquisition / sale of shares | Jan 29, 2008 | *VR - Voting Rights |