Paytm to Shilpa Medicare – Reasons for the big stock moves on Aug 22

Shareholders of One 97 Communications, the parent entity which runs Paytm, reappointed Shekhar Sharma as Managing Director & Chief Executive Officer of the company.

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Adani Power announced it would acquire DB Power Limited for an enterprise value of Rs 7,017 crore, the company said.

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The Board of Hatsun Agro Product at its meeting held on 22 August 2022 approved investment in the paid up equity share capital of Huoban Energy 4 for the purpose of consuming solar power captively for the company's unit in Maharashtra.

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The engineering major commissioned a new green hydrogen plant at Hazira in Gujarat. After 5 months of sealing deal with Indian Oil Corporation and ReNew Power, the company moved a step forward for the production of green hydrogen and electrolysers

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The PSU bank entered into a strategic co-lending partnership with Incred Financial Services to offer loans to MSME borrowers at competitive rates. Participation by both the entities will result in greater expansion of portfolio by Central Bank of India & Incred Financial Services.

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The subsidiary Shilpa Biologicals (SBPL) successfully completed the phase 3 human clinical studies of its first biosimilar, the 100mg/ml high concentration (HC) Adalimumab biosimilar.

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