PRE-MARKET INDIAN STOCKS NEWS: Adani Power (ADANI IS) received a Letter of Intent to acquire GVK Energy

Adani Power (ADANI IS) - Co. received a Letter of Intent to acquire GVK Energy after the company’s Committee of Creditors approved its resolution plan under the insolvency process. (Economic Times)

HDFC Life Insurance (HDFCLIFE IS) - Co. reported new business premium rose 17.8% Y/Y to INR 36.09bln, while YTD premium rose 14.43% Y/Y to INR 155.70bln. (Moneycontrol)

ICICI Prudential Life Insurance (IPRU IS) - Co. reported new business premium rose 9.9% Y/Y to INR 19.53bln, while YTD premium rose 18.52% Y/Y to INR 91.20bln. (Moneycontrol)

Life Insurance Corporation of India (LICI IS) - Co. reported new business premium rose 45.3% Y/Y to INR 232.75bln, while YTD premium rose 22.31% Y/Y to INR 800.05bln. (Moneycontrol)

Mahindra & Mahindra (MM IS) - Co. retained its leadership position in the domestic tractor market, with an estimated 44.9% share by volume in Q1 FY27, compared with 43.6% in FY26 and 43.3% in FY25. (Economic Times)

Mankind Pharma (MANKIND IS) - Co.’s subsidiary Bharat Serums and Vaccines received shareholder approval for voluntary liquidation. (Economic Times)

REC (RECL IS) - Co. issued India’s first pilot tokenised corporate bond under SEBI’s Regulatory Sandbox Framework. (Economic Times)

SBI Life Insurance (SBILIFE IS) - Co. reported new business premium rose 2.8% Y/Y to INR 34.15bln, while YTD premium rose 12.73% Y/Y to INR 162.20bln. (Moneycontrol)

Swiggy (SWIGGY IS) - Co.’s wholly owned subsidiary Swiggy Networks will sell its entire stake in Lynks Logistics to Singapore-based Trustroot Internet for approximately USD 52.4mln. (Economic Times)