Bulk Deals: Authum sold NATHBIOGEN shares, Shah Sharad bought stake in ASPINWALL

JIGNESH AMRUTLAL THOBHANI sold 66,000 shares in AAA Technologies Limited at Rs 103.44 per share on the NSE.

HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED sold 6,13,578 shares in Ansal Housing Limited at Rs 7.25 per share on the NSE.

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SHAH SHARAD KANAYALAL bought 54,507 shares in Aspinwall & Co Limited at Rs 212.06 per share on the NSE.

BHAMINI KAMAL PAREKH sold 1,42,500 shares in Globe Intl Carriers Limited at Rs 83.60 per share on the NSE.

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AUTHUM INVESTMENT AND INFRASTRUCTURE LIMITED sold 10,00,000 shares in Nath Bio-Genes (I) Limited at Rs 207.50 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.