PUSHPENDER JAIN sold 70,000 shares of Dynamic Srvcs & Sec Ltd at Rs 31.65 per share on NSE.
MCAP INDIA FUND LIMITED sold 5,50,000 shares in Ganesha Ecosphere Limited at Rs 585.00 per share on the NSE.
RAJASTHAN GLOBAL SECURITIES PVT LTD bought 66,045 equity shares in Brand Concepts Limited at Rs 70.21 per share on the NSE, the bulk deals data showed.
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ALPHA LEON ENTERPRISES LLP picked up 1,15,000 equity shares in Mittal Life Style Limited at Rs 18.25 per share on the NSE.
MANSI SHARES & STOCK ADVISORS PVT LTD bought 1,61,113 shares in Sanco Industries Ltd. at Rs 12.40 per share on the NSE.
BNP ENTERPRISES sold 3,19,000 equity shares in Lasa Supergenerics Ltd at Rs 69.56 per share on 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.