Bulk deal: DBS sells stake in Meghmani Organics, Capri buys Welspun shares

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Capri Global Holdings bought 15 lakh equity shares in Welspun Corp at Rs 167.45 per share
Lodha Chanchal Devi bought additional 1 lakh shares in Aro Granite Industries at Rs 78.45 per share
Pacific Assets Trust PLC acquired 6,14,773 equity shares in Tarsons Products at Rs 751.8 per share

Written By:Yash

Updated: November 28 2021 05:14:46 PM ET

Abakkus Asset Manager LLP bought 27,41,787 equity shares in Meghmani Organics at Rs 82 per share on November 26. However, DBS Nominees Private Limited sold 46.1 lakh equity shares in the company at Rs 82.12 per share on the NSE, the bulk deals data showed.

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Capri Global Holdings bought 15 lakh equity shares in Welspun Corp at Rs 167.45 per share on the NSE, the bulk deals data showed.

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Pacific Assets Trust PLC acquired 6,14,773 equity shares in Tarsons Products at Rs 751.8 per share, and First Sentier Investors ICVC SI Indian Subcontinent Sustainability Fund bought 8,17,029 equity shares in the company at Rs 751.8 per share on the NSE, the bulk deals data showed.

Lodha Chanchal Devi bought additional 1 lakh shares in Aro Granite Industries at Rs 78.45 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.