TANGO COMMOSALES LLP sold 1,43,500 shares in Akash Infra-Projects Limited at Rs 44.62 per share on the NSE.
NIRAJ RAJNIKANT SHAH sold 15,600 shares in Bombay Metrics S C Limited at Rs 510.07 per share on the NSE.
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VISTRA ITCL INDIA LIMITED sold 180,31,074 shares in Future Consumer Limited at Rs 2.85 per share on the NSE.
AXIS INVESTMENTS sold 1,00,000 shares in Jeena Sikho Lifecare Limited at Rs 168.00 per share on the NSE.
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RAJASTHAN GLOBAL SECURITIES PVT LTD sold 3,60,000 shares in Krishna Def and Ald Ind Limited at Rs 83.50 per share on the NSE.
URMILA SHASTRI sold 3,35,000 shares in Vaxtex Cotfab Limited at Rs 29.38 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.