EARC TRUST SC 404 sold 6,07,581 shares in Hind Natl Glass & Ind Ltd at Rs 11.93 per share on the NSE.
VYANKTESH CORRUGATORS PRIVATE LIMITED bought 27,60,000 shares in Astron Paper Bord Mil Ltd at Rs 41.85 per share on the NSE.
NEXPACT LIMITED sold 54,914 shares in Nureca Limited at Rs 1503.56 per share on the NSE.
KIRTAN MANEKLAL RUPARELIYA bought 30,40,725 shares of Spicejet Limited at Rs 61.12 per share on NSE.
ROHIT SRIVASTAVA sold 4,28,665 shares of Patel Inte Rs. 2.5 ppd up at Rs 4.53 per share on NSE.
TOPGAIN FINANCE PRIVATE LIMITED bought 230,00,000 shares in Visesh Infotecnics Limited at Rs 1.10 per share on the NSE.
HULST B V sold 6,000,000 equity shares in COFORGE at Rs 4,261.15 and Rs 4,273.24 per share on the BSE, the bulk deals data showed.
JACOB MATHEW bought 182,972 shares of KINGSINFR at Rs 79.80 per share on BSE.
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.