Bulk Deals: L&T bought L&TFH shares, Integrated Core sold stake in NALCO

DELTA CORP LIMITED sold 4,00,000 shares in Advani Hotels & Resorts at Rs 97.37 per share on the NSE.

LARSEN & TOUBRO LIMITED bought 212,17,957 shares in L&T Finance Holdings Ltd at Rs 83.52 per share on the NSE.

INTEGRATED CORE STRATEGIES ASIA PTE LTD sold 92,38,350 shares in National Alum Co Ltd at Rs 121.96 per share on the NSE.

PANKAJ RAMESH CHANDRA VYAS sold 1,62,000 shares in SecUR Credentials Limited at Rs 94.20 per share on the NSE.

RAJASTHAN GLOBAL SECURITIES PVT LTD bought 99,897 shares of Selan Exploration Technology at Rs 191.05 per share on NSE.

CHHEDA DEEPTI PANKAJ sold 8,400 shares of Bombay Metrics S C Ltd at Rs 420.03 per share on NSE.

VENKATESHWARA INDUSTRIAL PROMOTION CO.LIMITED bought 19,200 shares in SP Refractories Limited at Rs 86.76 per share on the NSE.

ALPHA LEON ENTERPRISES LLP sold 203,32,114 shares in Visesh Infotecnics Limited at Rs 1.20 per share on the NSE.

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.

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.