Bulk Deals: Societe Generale bought Veranda shares, Anand Rathi sold stake in PREMIER

SOCIETE GENERALE bought 768,398 shares in VERANDA at Rs 162.50 per share on the BSE.

ANAND RATHI GLOBAL FINANCE LTD sold 3,65,300 shares in Premier Limited at Rs 5.12 per share on the NSE.

RIKHAV SECURITIES LIMITED sold 45,600 shares in Bombay Metrics S C Ltd at Rs 396.44 per share on the NSE.

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ANKITA VISHAL SHAH sold 7,99,960 shares in GTL Limited at Rs 12.08 per share on the NSE.

KIRIT TULSIDAS VASSA sold 2,49,000 shares of Innovative Tyres & Tubes at Rs 5.06 per share on NSE.

GAURAV JAIN bought 60,000 shares in KRISHNADEF at Rs 95.60 per share on the NSE.

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PARMAR SAVITABEN DEVJIBHAI sold 5,00,500 shares in Maheshwari Logistics Limited at Rs 100.60 per share on the NSE.

EPOCH SYNTHETICS PVT LTD bought 1,49,600 shares of Nupur Recyclers Limited at Rs 239.46 per share on NSE.

PIYUSH SUNDA sold 44,000 shares in Rex Pipes And Cables Ltd at Rs 39.67 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.