Ipca Labs acquired 48 lakh equity shares in Lyka Labs (16.7 % of total paid-up equity) at Rs 130.4 per share on the BSE.nHowever, Shruti Mayank Shah & Prasham Mayank Shah sold 15 lakh shares each, and Mayank Jashwantlal Shah offloaded 18 lakh shares at Rs 130.4 per share on the BSE.nIn total, Ipca Labs, so far, bought 76,24,142 equity shares or 26.57 % stake in Lyka Labs via open market transactions in the current week. Lyka Labs was locked in a 5 % upper circuit today at Rs 135.

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Among other bulk deals, ace investor Dolly Khanna bought 22,344 equity shares in Simran Farms (0.58 % stake) at Rs 135.19 per share on the BSE. The stock rallied 8 % to close at Rs 136.55.

Sony Sebastian sold 1,06,19,497 equity shares in Vikas Proppant & Granite at Rs 1.6 per share on the NSE.

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Alpha Leon Enterprises LLP bought 50,000 equity shares in NXT DIGITAL at Rs 31.9 per share, however, Aviator Global Investment Fund offloaded 73,174 equity shares at Rs 33.58 per share and New Leaina Investments sold 75,083 equity shares in the company at Rs 31.91 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. 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.