Bulk Deals: Agarwal Rahul sold NAKODA shares, Sathish bought stake in ASIANTILES

SATHISH SRINIVAS NAYAK bought 4,97,980 shares in Asian Granito India Limited at Rs 74.52 per share on the NSE.  

AGARWAL RAHUL sold 1,10,717 shares in Nakoda Group of Ind. Limited at Rs 196.40 per share on the NSE.

PREETI JAIN sold 6,83,984 shares in Vaxtex Cotfab Limited at Rs 30.73 per share on the NSE.  

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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.

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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.

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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.