Promoter M K Hamied sold 67,23,252 equity shares in the Cipla company at Rs 910.15 per share, and another promoter Y K Hamied offloaded 1,34,46,504 equity shares in the company at Rs 910.05 per share via open market transactions on the BSE as per the bulk deals data. The combined stake sale represented little more than 2% of total paid-up equity in Cipla.

KRUSHANG MAHESH SHAH bought 79,200 shares of Giriraj Civil Devp Ltd at Rs 98.92 per share on NSE.

LUCAS INDIAN SERVICE LTD bought 8,89,042 shares in India Nippon Elect Ltd at Rs 448.50 per share on the NSE.

FASHIONS BRANDS (INDIA) PRIVATE LIMITED sold 1,66,027 equity shares in Shre Push Chem & Fert Ltd at Rs 206.83 per share on the NSE, the bulk deals data showed.

ALGOQUANT FINANCIALS LLP picked up 22,22,565 equity shares in Visagar Polytex Ltd at Rs 1.90 per share respectively on the NSE.

LIMITED TEXMACO RAIL & ENGINEERING sold 10,00,000 shares in Texmaco Infra & Holdg Ltd at Rs 58.41 per share on the NSE.

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.