STAR sells 26% stake in Balaji Tele on MCX – SX

I had recently recommended Balaji Tele - https://www.nooreshtech.co.in/2015/07/balaji-tele-will-it-be-a-breakout-or-false-breakout.html 

Also a #disclosure the stock was recommended in Technical Traders Club 

For the last decade or so STAR Telefilms - Star Middle East FZ-LLC  held a 26% stake in the co.

In the last couple of days could see a buyer of 40-50 lakh shares on NSE in total buyers bid. Was waiting for a block deal for the trade and boom these guys go smart and use MCX-SX to do the block deal.

STAR Middle East had 16948194 shares in Balaji Tele

Balaji Tele has rarely traded on MCX-SX  but today the whole block got executed on MCX-SX.

Balaji Block Deal

You can check this link - Balaji Tele on MCX-SX

Will this be a start of Block Deals to happen on MCX-SX. Did Balaji give a new turn on how to do Block Deals !!

( There are some rules regarding price for a block deal on NSE/BSE which are not there on MCX-SX i suppose. A lot of deals have to be open market and leading to slippage.)

Will write a detailed post in the evening.

P.S - The #android app - "NooreshTech" is Live Now.

( IOS app for Apple users is under development and should come up soon)

Do download the App. Would appreciate your Reviews on Play Store.

https://play.google.com/store/apps/details?id=com.nooreshtech.blog&hl=en

If you would like to learn Technical Analysis in a classroom session.

The next session is planned for Delhi on August 22-23 2015

2 Comments

  1. Ceeek
    August 6, 2015

    I would like to know more details as well. The topic is not what I follow closely… But the development and comparison of exchange would be interesting.

    Reply
  2. suresh.ks
    August 8, 2015

    Really nice app….lot of things we are going to learn through this.

    Reply

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