Infront Enterprises Private Limited sold 2,91,000 shares in Autoline Industries Limited at Rs 75.93 per share on the Nse.
Aditya Achanta sold 1,67,252 shares in Coastal Corporation Limited at Rs 287.71 per share on the Nse.
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Niraj Rajnikant Shah bought 75,000 shares in Hilton Metal Forging Limited at Rs 47.10 per share on the Nse.
Dhoot Ramniwas Ramdayal sold 56,305 shares inIMP Powers Limited at Rs 9.50 per share on the Nse.
Aditya Kumar Halwasiya bought 2,51,400 shares in Speciality Rest Limited at Rs 177.27 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.
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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.
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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.