INDY India Star

RNS Number:6087E
India Star Energy plc
27 September 2007



TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:



India Star Energy Plc



2. Reason for the notification (place an X inside the appropriate bracket/s)



An acquisition or disposal of voting rights: (X)



An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (    )



An event changing the breakdown of voting rights: (    )



Other (please specify) : (   )



3. Full name of person(s) subject to the notification obligation:



Gaia Resources Fund



4. Full name of shareholder(s) (if different from 3.) :



Gaia Resources Fund



5. Date of the transaction (and date on which the threshold is crossed or
reached if different):



25th September 2007



6. Date on which issuer notified:



26th September 2007



7. Threshold(s) that is/are crossed or reached:



9%



8. Notified details:

.................



A: Voting rights attached to shares


Class/type of shares if possible              Situation previous to the Triggering transaction
using the ISIN CODE

                                  Number of shares                   Number of voting Rights


 GB00B06L4049                      Nil                               Nil



Resulting situation after the triggering transaction


Class/type of shares if     Number of shares         Number of voting rights      % of voting rights
possible using the ISIN
CODE


                                                     Direct       Indirect        Direct          Indirect


                             15,000,000               15,000,000   Nil             9.09%           Nil



B: Financial Instruments

Resulting situation after the triggering transaction


Type of         Expiration Date      Exercise/Conversion       Number of voting rights     % of voting rights
financial                            Period/ Date              that may be acquired if the
instrument                                                     instrument is exercised/
                                                               converted.




 N/A             N/A                  N/A                       N/A                         N/A



Total (A+B)


Number of voting rights        % of voting rights


15,000,000                      9.09%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:



Not applicable



Proxy Voting:



10. Name of the proxy holder:



Not applicable



11. Number of voting rights proxy holder will cease to hold:



Not applicable



12. Date on which proxy holder will cease to hold voting rights:



Not applicable



13. Additional information:



Not applicable



14. Contact name:



Simon Lovat



15. Contact telephone number:



+41 22 317 7819


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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