Bulk Deals: HDFC sold Bandhan Bank shares, Prita Brijesh bought stake in BANG

SOCIETE GENERALE bought 19,081,469 shares in Bandhan Bank at Rs 306.55 per share while HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED sold 49,632,349 at Rs 306.61 per share on the BSE.

MANISH VERMA sold 1,10,240 shares in Agro Phos India Limited at Rs 31.81 per share on the NSE. 

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RONIT SHAH sold 1,75,000 shares in AMD Industries Limited at Rs 64.67 per share on the NSE.

PRITA BRIJESH PAREKH bought 80,000 shares in Bang Overseas Limited at Rs 43.98 per share on the NSE.

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ATUL UMAKANT REGE bought 1,71,000 shares in Empyrean Cashews Limited at Rs 59.00 per share on the NSE.

BANSAL KISHORCHAND GULSHAN sold 2,34,000 shares of Parin Furniture Limited at Rs 94.50 per share on NSE. 

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PURPLE ENTERTAINMENT LIMITED sold 2,07,583 shares in Uma Exports Limited at Rs 83.75 per share on the NSE.

OSWAL INFRASTRUCTURE LIMITED sold 10,86,159 shares in Uttam Galva Steels Limited at Rs 5.34 per share on the NSE.

ASHISH SHARADKUMAR NEMANI bought 2,90,000 shares of Vaishali Pharma Limited at Rs 86.00 per share on 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.