Bulk Deals: Societe Generale sold Vedanta shares, Vikasa bought stake in SRPL

SOCIETE GENERALE sold 224,50,200 shares in Vedanta Limited at Rs 391.74 per share on the NSE.

GOENKA BUSINESS & FINANCE LIMITED bought 21,000 shares in Richa Info Systems Ltd at Rs 87.30 per share on the NSE.

SIRAJ VIRJI JARIA sold 15,30,000 shares in Crown Lifters Ltd at Rs 22.70 per share on the NSE.

NIRAJ HARSUKHLAL SANGHAVI bought 1,08,000 shares of SecUR Credentials Limited at Rs 51.00 per share on NSE.

NISHCHAYA TRADINGS PRIVATE LIMITED sold 2,02,616 shares of Salasar Techno Engg. Ltd at Rs 252.82 per share on NSE.

VIKASA INDIA EIF I FUND bought 5,00,000 shares in Shree Ram Proteins Ltd at Rs 113.00 per share on the NSE.

HARSHA RAJESHBHAI JHAVERI sold 82,860 equity shares in Vaishali Pharma Limited at Rs 61.10 per share on the NSE, the bulk deals data showed.

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.