BAILLIE GIFFORD PACIFIC FUND A SUB FUND OF BAILLIE GIFFORD OVERSEAS GROWTH FUNDS ICVC sold 94,32,397 shares of Dhani Services Limited at Rs 85.07 per share on NSE.
ALPHA LEON ENTERPRISES LLP bought 46,82,433 shares in Gayatri Highways Limited at Rs 0.60 per share on the NSE.
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MAHIMTURA SUCHITRA NISHANT sold 1,00,000 equity shares in Libas Consu Products Ltd at Rs 29.90 per share on the NSE, the bulk deals data showed.
SATYANARAYAN GUPTA picked up 66,000 equity shares in Hindprakash Industry Ltd at Rs 60.91 per share respectively on the NSE.
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LALITA JAYKUMAR PATHARE sold 10,00,000 shares in Vip Clothing Ltd. at Rs 22.48 per share on the NSE.
MIKER FINANCIAL CONSULTANTS PVT LTD bought 90,000 shares of Salasar Exterior Cont Ltd at Rs 119.73 per share on NSE.
VORA FINANCIAL SERVICES PVT LTD sold 4,34,859 shares in Lyka Labs Ltd at Rs 130.36 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.