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 | 2,429,083 | 8.96% | b) Shares / VR* acquired / (sold) | (2,190) | (0.01%) | c) Shares / VR* after acquisition / sale | 2,426,893 | 8.95% | Mode of acquisition / sale | Open Market | Date of acquisition / sale of shares | Jan 31, 2008 | *VR - Voting Rights |