SBI Mutual Fund acquired 15 lakh equity shares in Go Fashion India at Rs 1,172 per share. However, India Advantage Fund S4 I sold 15 lakh shares at the same price on the NSE, the bulk deals data showed.

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Smallcap World Fund Inc acquired 35,61,730 equity shares in IIFL Finance at Rs 300 per share. However, Hamblin Watsa Investment Counsel Limited A/C – HWIC Asia Fund Class A Shares offloaded 1,04,20,631 equity shares in the company at Rs 300.17 per share on the NSE, the bulk deals data showed.

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Algoquant Financials LLP sold 3 lakh equity shares in Lyka Labs at Rs 173.24 per share on the NSE, the bulk deals data showed.

ICICI Prudential Mutual Fund bought 44.5 lakh equity shares in Kalpataru Power Transmission at Rs 378 per share. However, Kalpataru Properties sold 44.5 lakh shares in the company at Rs 378 per share on the BSE, the bulk deals data showed.

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Infinity Holdings sold 1,46,85,986 equity shares in Sequent Scientific at Rs 157.02 per share on the BSE, 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.

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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.