Bulk Deal: Edelweiss sold RateGain shares, HDFC bought stake in Apar Ind.

Edelweiss Mutual Fund, Integrated Core Strategies Asia Pte Ltd, Rajasthan Global Securities Private Limited sold 6,82,110, 8,78,838, 9,35,105 equity shares in RateGain Travel and Technologies Limited at Rs 360.7, Rs 356.22, Rs 362.18 per share respectively on the NSE, as per the bulk deals data.

Goldman Sachs Funds – Goldman Sachs India Equity Portfolio bought 7,19,727 equity shares in RateGain Travel and Technologies Limited at Rs 361.71 per share on the NSE, as per bulk deals data.

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HDFC Mutual Fund in two separate instances bought 2,00,000 and 5,00,000 equity shares in Apar Industries Limited at Rs 748.8 and Rs 750 per share, while the Mutual Funds sold 6,73,639 equity shares in the company at Rs 750 apiece on the NSE, the bulk deals data showed.

Kalpataru Properties Private Limited sold 36,50,000 equity shares and Munot Mofatraj Pukhraj bought in Kalpataru Pow Trans Ltd at the same price of Rs 370 per share on the NSE, as per the bulk deals data showed.

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The MD & chairman Shrenik Sudhirbhai Vimavala sold 50,00,000 equity shares in Shrenik Limited at Rs 2.2 per share on the NSE, the bulk deals data mentioned.

Mansi Shares & Stock Advisors Pvt Ltd sold 16,637 equity shares in Digiam Ltd at Rs 150.8 per share; Nanalal Bhanji Dudhaiya bought 54,000 equity shares in Debock Sale Marketing Ltd at Rs 123.87 per share on the NSE, bulk deals data showed.

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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.