Bulk Deal: Societe Generale purchased shares of Karda Constructions on NSE

According to bulk deals data, Societe Generale purchased 36,00,000 shares of Karda Constructions Ltd on the NSE for Rs 16.65 per share.

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Similarly, the bulk deals data showed that Nalanda India Equity Fund Ltd and Nalanda India Fund Ltd sold 22,28,570 and 29,71,430 equity shares in Kirloskar Oil Eng Ltd on the NSE for Rs 180.92 per share.

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Crown Lifters’ promoters, including director Hanif Hussain Jaria, sold stakes in the firm via open market transactions on the NSE. According to bulk deals data, the promoters and their families sold up to 15 lakh shares on the exchanges.

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Individually, Hanif Hussain Jaria and Asif Hussain Jaria dumped 6,85,000 equity shares, while Husain Virji Jaria sold 1,50,000 shares in the firm at the same price of Rs 26.3 per share on the NSE on Thursday, according to bulk deals data.

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Similarly, from the promoter family, Karim Kamruddin Jaria bought 7,60,000 equity shares, while Nizar Nooruddin Rajwani and Siraj Virji Jaria each picked up 3,80,000 equity shares in the company at Rs 26.3 per share on the NSE, as per the bulk deals data.

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Nanalal Bhanji Dudhaiya and Satish Ramsevak Pandey bought and Shilpa Ashok Gandhi sold 60,000 equity shares each in the Debock Sale Marketing Ltd at Rs 103.45 per share on the NSE, the 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.

Also Read| Bulk Deal: Societe Generale purchased shares of Karda Constructions on NSE

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.   

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