Bulk & Block Deals on August 16: IndiGo, Religare, JSW Energy, others exchange hands; check buyers & sellers

livemint.com:

Adani Power, IndiGo, Religare, JSW Energy, among others witnessed heavy and selling on BSE during Wednesday's trading session. These stocks were in focus accordingly. US-based boutique investment firm GQG Partners Emerging Market Fund bought equity shares of both Adani Power and JSW Energy though block deal today.

Also, IndiGo co-founder Rakesh Gangwal and his family members sold a portion of equity stake today via a large deal. A bulk deal is a transaction in which at least five per cent of a company's total equity shares are traded all at once. These transactions can take place throughout the regular trading session, unlike block deals.

Bulk transactions do not require the opening of a special window. However, it is possible in the block deal window. On the other hand, block deals refer to single trades with a 5 lakh share minimum or a value of ₹10 crore.

When two parties agree to buy and sell at least these many shares at the same price, a block deal occurs. According to BSE data, GQG Partners Emerging Market Fund bought 1 crore shares, or a 0.6 per cent stake, in the power producer at ₹341.70 apiece for ₹351 crore. Washington State Investment Board, AustralianSuper, Reliance Trust Institutional Retirement Trust Series Twelve, Witan Investment Trust Plc, and Alliance Trust Plc, among others, were the buyers of the shares of JSW Energy.