First Overseas Capital Nidan Labs and Health Ltd sold 71,000 equity shares in subsidiary Nidan Labs and Health Ltd at Rs 57.32 per share, according to bulk deals data.

Anand Rathi Global Finance Ltd sold 2,35,000 equity shares in Premier Limited at Rs 9.55 per share on the NSE, the bulk deals data showed.

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HT Media sold 100,000 shares of Suditi Industries at Rs. 19.75 per share through a bulk deal on the BSE.

In another transaction, Union Bank of India sold 61,373 shares of Royal Cushions and Vinyl Products at Rs. 9.4 apiece through a bulk deal on the BSE.

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Bright Solar Limited saw maximum traction in an otherwise flat market, as Piyushkumar Thumar sold 5,94,000 shares at Rs 5.02 per share on the NSE.

Kapil Mahesh Kothari sold 5,16,900 equity shares in Jump Networks Limited at Rs 9.41 per share on the NSE.

Anumolu Bharat sold 2,94,667 equity shares in Beardsell Limited at Rs 13.25 per share, Anish J Saraf HUF sold 1,22,355 equity shares in Libas Consu Products Ltd at Rs 31.55 per share, LTD.

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Ankita Vishal Shah sold 2,72,247 equity shares in Patel Inte. Rs. 2.5 ppd up at Rs 6.05 per share on the NSE, the bulk deals data mentioned.

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.

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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. 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.