Bulk Deals: TCG Funds sold AJOONI share, Vicco bought stake in PRITI
- Sahasrar Capital Private Limited sold 2,00,000 shares in Lyka Labs Limited
- Vicco Products Bombay Private Limited bought 69,985 shares in Priti International Limited
- Sky Wanderers LLP sold 4,05,000 shares in Rachna Infra Ltd
TCG FUNDS FUND 1 sold 1,58,870 shares in Ajooni Biotech Limited at Rs 43.98 per share on the NSE.
UBS IQ MSCI ASIA APEX 50 ETHICAL ETF bought 2,12,859 shares in Apar Industries Limited at Rs 997.04 per share on the NSE.
SAHASRAR CAPITAL PRIVATE LIMITED sold 2,00,000 shares in Lyka Labs Limited at Rs 114.51 per share as per NSE.
VICCO PRODUCTS BOMBAY PRIVATE LIMITED bought 69,985 shares in Priti International Limited at Rs 116.65 per share as per NSE.
SKY WANDERERS LLP sold 4,05,000 shares in Rachna Infra Ltd at Rs 153.05 per share as per 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.
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.