PRE-MARKET INDIAN STOCKS NEWS: India's government will sell up to a 2% stake in Coal India (COAL IS) via an offer for sale over May 27th-29th

Coal India (COAL IS) -  India's government will sell up to a 2% stake in the Co. via an offer for sale over May 27-29. (Economic Times)

Fino Payments Bank (FINOPB IS) - RBI approved a three-month extension to Ketan Merchant’s tenure as Co. interim CEO. (Economic Times)

JK Tyre and Industries (JKT IN) - Co. Q4 (INR) net rose 80.2% Y/Y to 1.78bln, rev. rose 12.4% Y/Y to 42.23bln. (Moneycontrol)

Larsen & Toubro (LT IS) - Co. secured multiple orders in India, including a contract from JSW Utkal Steel and two projects from the Inland Waterways Authority of India. (Economic Times)

Oil and Natural Gas Corporation (ONGC IS) - Co. Q4 (INR) net rose 3.1% Y/Y to 66.5bln, rev. rose 2.7% Y/Y to 359.28bln. (Moneycontrol)

Telecoms

Reliance (RIL IS) Jio unit net adds 29.42 lakh subscribers in April vs 32.27 lakh addition in March. (Moneycontrol)

Bharti Airtel (BHARTI IS) net adds 31.39 lakh users in April vs 50.94 lakh addition in March. (Moneycontrol)

Vodafone Idea (IDEA) net adds 53,257 subscribers in April vs 1.02 lakh addition in March. (Moneycontrol)