Bulk Deals: Macritchie sold CROMPTON shares, Nakshatra bought stake in ARIHANTSUP
- Reliance Mutual Fund sold 746,81,276 shares in NMDC Limited
- Shaibal Ghosh bought 1,00,939 shares in Kshitij Polyline Limited
- Eriska Investment Fund Ltd bought 75,000 shares in Dev Information Technology Limited
Nakshatra Garments Private Limited bought 2,12,290 shares in Arihant Superstructures Limited at Rs 176.15 per share on the Nse.
Macritchie Investments Pte Limited sold 202,50,000 shares in Crompton Greaves Consumer Electrical Limited at Rs 370.74 per share on the Nse.
Eriska Investment Fund Ltd bought 75,000 shares in Dev Information Technology Limited at Rs 199.95 per share on the Nse.
Samalkha Shares Consultants LLP bought 25,00,000 shares in Integra Essentia Limited at Rs 6.65 per share on the Nse.
Company Shivaay Trading bought 2,55,000 shares in Indbank Merchant Banking Services Limited at Rs 24.74 per share on the Nse.
Mangalam Laboratories Private Limited sold 71,810 shares in IMP Powers Limited at Rs 8.26 per share on the Nse.
Shaibal Ghosh bought 1,00,939 shares in Kshitij Polyline Limited at Rs 44.41 per share on the Nse.
Reliance Mutual Fund sold 746,81,276 shares in NMDC Limited at Rs 110.81 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.