Platinum Illumination A 2018 Trust bought 5,43,75,000 units in Mindspace Business Parks REIT at Rs 320 per unit, however, BREP Asia SG Pearl Holding NQ Pte Ltd sold 5,42,91,425 units at Rs 320 per unit on the BSE, the bulk deals data showed.
Barclays Securities India Private Limited picked up 6,13,441 shares in Cerebra Int Tech Ltd at Rs 92.5 per share on the NSE, the bulk deals data showed.
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Anuradha Rajesh Mehra bought 25,200 shares and Mark Corporate Advisors Pvt Ltd sold 63,600 shares in Foce India Limited at Rs 225.6 and Rs 225.58 per share on the NSE, as per the bulk deals data.
Aryaman Capital Markets Limited sold 28,800 equity shares in Giriraj Civil Developers Ltd to individual investor Dilawar Rehman Khan in the company at Rs 100 per share on the NSE, the bulk deals data showed.
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Ziyan Developers LLP sold 5,00,000 equity shares in Rupa & Company Ltd at Rs 469 apiece.
Lodha Ashok Kumar sold 1,24,762 equity shares in Salzar Electronics at Rs 240.87 per share.
KBC Eco Fund sold 32,55,983 shares in NCC Limited at Rs 73.52 apiece 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. 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.