What is a Block Deal ? Know everything related to a block deal

---

A block deal is the execution of large trades through a single transaction without disadvantaging either buyer or seller.

Trading Hours    

Stock exchanges may set trading hours between 08:45 AM and 05:00 PM.

Block Deal Windows    

Morning Block Deal Window	08:45 AM to 09:00 AM
Afternoon Block Deal Window	02:05 PM to 02:20 PM

Reference Price    

Morning Window	Previous day closing price of the stock
Afternoon Window	Volume Weighted Average Price (VWAP) of trades executed between 01:45 PM and 02:00 PM.

Price Range    

Orders must be within +3% of the applicable reference price in the respective windows.

Order Size    

Minimum order size for block deals is INR 25 Crores. Trades must result in delivery and cannot be squared off or reversed.

Information Dissemination    

Stock exchanges must disclose details of block deals (e.g., scrip name, client name, quantity, price) to the public on the same day after market hours.

Settlement Cycle   

Provisions apply to both T+1 and optional T+0 settlement cycles.

This framework ensures transparency and efficiency in executing large trades in the securities market