BSE shares worth Rs 401 crore purchased by Goldman Sachs

BSE News, Bulk Deal Data Update: US-based banking and financial services giant Goldman Sachs on Wednesday purchased shares in stock exchange BSE through its arm, Goldman Sachs (Singapore) via the bulk deal route. According to bulk deal data available on rival stock exchange NSE, the Goldman Sachs unit picked 7,28,855 shares in BSE at Rs 5,504.42 apiece, making the deal worth Rs 401.19 crore.

The seller involved in the deal could not be identified.

What are bulk deals?

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A bulk deal refers to a transaction that involves the trade of a large quantity of shares in a single trade on a bourse. Typically, this type of trade involves a significant quantity of equity shares exceeding Rs 5 lakh or more.

Institutional investors, such as banks or other financial service providers including mutual funds, and high net worth individuals (HNIs) engage in bulk deals to buy or sell shares in large quantities.

Usually, these transactions are carried out through a dedicated window on the stock exchange. Details of such trade, including the buyer and seller, are made public at regular intervals.

Bulk deals vs block deals

Bulk deals are different from block deals, especially in terms to execution and disclosure. Block deals also enable investors to purchase or offload large quantities of shares, but are typically disclosed only after completion and can influence the market price.