Morgan Stanley Asia (Singapore) Pte – ODI sold 19,90,685 equity shares in Zee Learn at Rs 19.18 per share, however, Spring Ventures sold 40 lakh shares at Rs 18.59 per share on the NSE, the bulk deals data showed.
Alpha Leon Enterprises LLP bought 20,800 equity shares from Mansi Shares & Stock Advisors Pvt Ltd in Vivo Collab Solutions Ltd at Rs 289.3 per share on the NSE, as per the bulk deals data.
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American Funds Fundamental Investors acquired 1,76,30,108 equity shares in CG Power and Industrial Solutions at Rs 199 per share, however, Amansa Holding Private Ltd sold 1,76,32,000 equity shares at Rs 199 per share on the NSE, the bulk deals data showed.
Anupam Narain Gupta sold 56,000 equity shares to Naval Kishore Loya in ASL Industries Limited at Rs 45.95 per share on the NSE, the bulk deals data showed.
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Hardik Mahendrabhai Shah (HUF) bought 1,26,000 equity shares in Nupur Recyclers Limited at Rs 145.45 per share.
Prasoon Harshad Bhatt bought 1,13,746 equity shares in Selan Exploration Technol at Rs 148.96 per share.
Penguin Trading & Agencies Ltd bought 25,85,700 shares in Filatex India Ltd at Rs 117 per share.
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A bulk deal is one in which the total number of shares purchased or sold exceeds 0.5% of the company’s share capital. A bulk deal can be completed using either the usual trading window or the block trading window. When a major FII, mutual fund, or HNI wishes to acquire a huge block of shares in a specific stock, they frequently choose to employ sliced trades throughout the day. This guarantees that businesses take full advantage of market volatility and are able to minimize their overall acquisition costs.
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Similarly, in the event of bulk selling, the sliced strategy aids in obtaining a higher selling price. Bulk deals must be notified to the exchange by the broker who executes the trade. If a bulk deal (exceeding 0.5% of the share capital) is conducted through the block window, the trade must be notified to the exchange promptly. If the total buy or sale of a sliced order during the day exceeds 0.5% of the share capital, the bulk deal must be disclosed to the exchange within 1 hour after the closing of the trade.