India Opportunities Growth Fund Ltd – Pinewood Strategy sold 20 lakh equity shares in Essar Shipping at Rs 11 per share on the NSE, the bulk deals data showed.

Authum Investment & Infrastructure Limited, Meena Ashwin Kothari and Sanatan Financial Advisory Services Private Limited bought 4,21,000, 2,70,000 and 85,560 equity shares in Cantabil Retail Ltd, at Rs 731.09, Rs 705.67, Rs 750 per share respectively on the NSE.

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Amit Ratanlal Sekhani sold 2.5 lakh equity shares in Pioneer Embroideries at Rs 65.3 per share, and Anand Ratanlal Sekhani sold 2.5 lakh shares at Rs 65.32 per share on the NSE, the bulk deals data showed.

Investors sold 9,67,487 equity shares in WinPro Industries at Rs 8.02 per share on the NSE, the bulk deals data showed.

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Jindal Ravinder Kumar, Satya Narain Goel and Sunil Kumar Jindal dumped 1,65,000, 1,65,000 and 1,00,040 equity shares in Cantabil Retail Ltd at Rs 725.94, Rs 716.03 and Rs 732 per share respectively in the company on the NSE, the bulk deals data showed.

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In Nupur Recyclers Limited, Manglam Financial Services, prarambh securities Pvt. Ltd, and Rishi R Bafna each sold 1,10,000 equity shares at Rs 97.5, Rs 97.59 and Rs 97.48 per share, while Vijit Global Securities Private Limited also sold 1,44,000 equity shares Rs 98 apiece on the NSE.

Indusind Bank Ltd Client A/C sold 35,00,000 equity shares in Zee Learn at Rs 15.14 per share on the NSE, according to bulk deals data.

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Intellect Stock Broking Limited sold 34,800 shares in Foce India Limited at Rs 225.76 per share on the NSE, as per the bulk deals data.

IFCI sold 18 lakh shares in MEP Infrastructure Developers at Rs 20.1 per share on the NSE, and 12 lakh shares at Rs 20.05 per share on the BSE, the bulk deals data showed.

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Investor Porinju Veliyath offloaded 29,441 equity shares in Danlaw Technologies India at Rs 248.89 per share on the BSE, the bulk deals showed.

Quant Mutual Fund acquired 1.2 lakh shares in Rama Steel Tubes at Rs 283 per share on the BSE, the bulk deals data showed.

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Shah Chetan Rasiklal bought 88,000 shares from Mansi Shares & Stock Advisors Pvt Ltd in 21st Century Mgmt Ser Ltd at Rs 44.7 per share on the NSE, the bulk deals data showed.

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.

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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. 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.