NIPPON INDIA MUTUAL FUND sold 51,02,574 shares of RBL Bank Limited at Rs 129.03 per share on NSE.
LARSEN & TOUBRO LIMITED sold 20,00,000 shares in Virescent Renewable Energy at Rs 95.00 per share on the NSE.
ROHIT KUTHARI sold 12,64,910 shares of Antarctica Graphics Ltd at Rs 1.42 per share on NSE.
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NOPEA CAPITAL SERVICES PRIVATE LIMITED bought 97,600 shares in Atal Realtech Limited at Rs 109.00 per share on the NSE.
YATHART JALAN bought 69,000 shares in Cool Caps Industries Ltd at Rs 42.75 per share on the NSE.
MONIT EXIM LLP sold 10,40,000 shares in DEEP ENE RESOURCES LTD at Rs 49.33 per share on the NSE.
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ENAM FINANCE PVT LTD sold 121,16,368 shares in Future Consumer Ltd at Rs 4.60 per share on the NSE.
Orient Green Power Co Ltd sold 50,00,000 shares of JANATI BIO POWER PRIVATE LIMITED at Rs 12.55 per share on NSE.
SANJAY AGARWAL sold 2,10,000 shares of Khadim India Limited at Rs 223.88 per share on NSE.
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SANTOSH INDUSTRIES LTD sold 9,00,000 shares in Mcleod Russel India Limited at Rs 22.86 per share on the NSE.
LAKSHMI GUTTIKONDA VARA bought 6,48,334 shares in Megasoft Limited at Rs 49.00 per share on the NSE.
SANJAY CHOWDHRI sold 100,00,000 shares in Supreme Engineering Ltd at Rs 2.50 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.