if a single client code buys 0.5 percent of shares of a company it is a bulk deal…
But my question is what if the single individual buys shares in parts (rather than a single transaction), by using diferent trading acounts from different brokerage houses ??
Will it still be a bulk deal still (since a single individual is buying)??
@Ray_Correa the purchase through a broker is always PAN no based so the purchaser might have purchased from many brokers but his total purchase quantity will reflect in one pan no.
The bulk deal by the client has to be reported to the exchange by the broker .
But in the above scenario ; how can the broker will come to know that the client has done bulk deal through the multiple brokers ?