Bulk Deals: HDFC offloaded ANSALHSG shares, Luharuka sold stake in VIVIMEDLAB
- HDFC Limited sold 4,35,796 shares in Ansal Housing and Construction
- SAPAN ANIL SHAH sold 1,86,000 shares in Rachna Infra Limited
- LUHARUKA MEDIA & INFRA LIMITED sold 5,51,627 shares in Vivimed Labs
HOUSING DEVELOPMENT FINANCE COPORATION LIMITED sold 4,35,796 shares in Ansal Housing and Construction at Rs 7.04 per share on the NSE.
SAPAN ANIL SHAH sold 1,86,000 shares in Rachna Infra Limited at Rs 160.70 per share on the NSE.
LUHARUKA MEDIA & INFRA LIMITED sold 5,51,627 shares in Vivimed Labs Limited at Rs 7.66 per share as per 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.