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PRE-MARKET INDIAN STOCKS NEWS: DLF (DLF IS) Q1 (INR) net rose 4.1% Y/Y to 7.94bln, rev. fell 52.9% Y/Y to 12.80bln

Newsquawk Staff ·

DLF (DLF IS) - Co. Q1 (INR) net rose 4.1% Y/Y to 7.94bln, rev. fell 52.9% Y/Y to 12.80bln. (Moneycontrol)

InterGlobe Aviation (INDIGO IS) - Co. plans to offer a small business-class cabin and a high-density economy layout on long-haul European flights to maximise seat capacity while preserving its low-cost structure. (ET)

Life Insurance Corporation of India (LICI IS) - The government will launch an offer for sale in the Co. for non-retail investors on Tuesday and retail investors on Wednesday as it seeks to reduce its stake and meet minimum public shareholding requirements. (ET)

One 97 Communications (PAYTM IS) - Three investors are seeking to sell shares worth up to INR 20.02bln through a fully secondary screen-based transaction, with the Co. receiving no proceeds. (ET)

Oil and Natural Gas Corporation (ONGC IS) - Half of the Co.’s planned 1.75mln-tonne petroleum storage facility in Mangaluru will be reserved for strategic petroleum reserves, with the remainder used for commercial operations. (ET)

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