PRE-MARKET INDIAN STOCKS NEWS: Zee Entertainment Enterprises (Z IS) approved raising at least INR 23bln in one or more phases to fund strategic and business initiatives

Central Bank of India (CBK IS) - Co. raised FCNR(B) deposit rates by up to 253bps to as high as 6% for 3-5-year schemes. (Moneycontrol)

Lenskart Solutions (LENSKART IS) - Abu Dhabi Investment Authority-owned Platinum Jasmine is likely to sell a 2.3% stake in the Co. at a floor price of INR 486/shr via a block deal worth INR 19.44bln. (Moneycontrol)

Power Grid Corporation of India (PWGR IS) - Co. approved the upgradation of SCADA and associated systems of NTAMC/RTAMC at an estimated cost of INR 4.85bln, approved a JPY 80bln unsecured term loan facility from JBIC and participating financial institutions, and appointed Venkata S V as CFO effective July 1. (Moneycontrol)

Punjab National Bank (PNB IS) - Co. revised FCNR(B) deposit rates to up to 6.10% per annum and expects to mobilise around USD 2.5bln through the scheme. (Moneycontrol)

Zee Entertainment Enterprises (Z IS) - Co. approved raising at least INR 23bln in one or more phases to fund strategic and business initiatives. (Moneycontrol)