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Bulk Deals: Ivanhoe sold LODHA shares, Mansi Shares bought stake in AGNI
- Vistra Itcl India Limited sold 36,14,668 shares in Future Retail Limited
- Abdul Azees bought 36,00,000 shares in KBC Global Limited
- Mahtani Navin H sold 1,43,500 shares in Patel Integrated Logistic Limited
Mansi Shares & Stock Advisors Pvt Ltd bought 1,00,000 shares in Agni Green Power Limited at Rs 30.30 per share on the Nse.
Quant Capital Holdings Pvt Ltd sold 7,00,000 shares in Eros Intl Media Limited at Rs 24.63 per share on the Nse.
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Vistra Itcl India Limited sold 27,68,097 shares in Future Enterprises Limited at Rs 2.46 per share on the Nse.
Vistra Itcl India Limited sold 36,14,668 shares in Future Retail Limited at Rs 5.25 per share on the Nse.
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Abdul Azees bought 36,00,000 shares in KBC Global Limited at Rs 2.50 per share on the Nse.
Ivanhoe Op India Inc sold 43,84,464 shares in Macrotech Developers Limited at Rs 1047.21 per share on the Nse.
Mahtani Navin H sold 1,43,500 shares in Patel Integrated Logistic Limited at Rs 14.81 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
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