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 | Saregama India Ltd | | Name of the acquirer and PACs with the acquirer | Portfolio Management Scheme of Kotak Securities Ltd | | Details | Number | % | | a) Shares / VR* before acquisition under consideration | 732,442 | 4.99% | | b) Shares / VR* acquired /(sold) | 2,700 | 0.02% | | c) Shares / VR* after acquisition / sale | 735,142 | 5.01% | | Mode of acquisition / sale | Open Market | | Date of acquisition / sale of shares | March 15, 2007 | *VR - Voting Rights |