Bulk Deals: Sanjeev sold AAATECH shares, Smabhavnath bought stake in RICHA

SANJEEV HARBANSLAL BHATIA sold 84,000 shares in AAA Technologies Limited at Rs 96.58 per share on the NSE.

EARC TRUST SC 30 sold 82,062 shares in Electrotherm (India) at Rs 80.10 per share on the NSE.

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SAMBHAVNATH INVESTMENTS AND FINANCES PRIVATE LIMITED bought 20,000 shares in Richa Info Systems Limited at Rs 58.10 per share as per NSE.

OSWAL INFRASTRUCTURE LIMITED sold 14,55,336 shares in Uttam Galva Steels Limited at Rs 3.70 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.

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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.