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#861 Daily Money Show: Stock Market News
Original: #861 Daily Money Show | Money Purse Stock Market News
Takeaway
Paytm's FDI approval (pending RBI PA license) and Mankind Pharma's Bharat Serums acquisition are landscape-changing M&A moves.
Summary
- Sensex +1292 to 81,332; Nifty +428 to 24,834; midcap +1.93%, smallcap +1%, Bank Nifty +0.8%
- Paytm hit upper circuit (+10%) on Reuters report of government FDI approval for its payment aggregator subsidiary — paving way for RBI PA license
- Sterling and Wilson won two solar EPC orders worth Rs 328 crore (1000 MWh BESS in Rajasthan + 20 MW floating solar in Karnataka); SJVN won 2400 MW pumped storage project (Rs 13,942 crore) from Mizoram government
- Sun Pharma received US FDA approval for Leqselvi (oral JAK inhibitor) for severe alopecia areata — 7 lakh US patients affected, 3 lakh severe
- Texmaco Rail acquiring Jindal Rail Infrastructure 100% stake for Rs 615 crore; Mankind Pharma acquiring Bharat Serums and Vaccines for Rs 13,630 crore (women's health, fertility, critical care leader)
daily marketPaytmM&A
Original description
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