PRE-MARKET INDIAN STOCKS NEWS: Five Adani Group companies settled SEBI adjudication proceedings related to alleged disclosure and corporate governance violations examined following issues raised in the Hindenburg Report

Glenmark Pharmaceuticals (GNP IS) - Co. received an Establishment Inspection Report from the US FDA with Voluntary Action Indicated status relating to its Goa plant. (Newswires) IRB Infrastructure Developers (IRB IS) - Co. board granted in-principle approval to monetise its non-core assets. (Economic Times) Lemon Tree Hotels (LEMONTRE IS) - Co. opened Keys Prima by Lemon Tree Hotels in Nashik, its first hotel in the city, expanding its presence in Maharashtra. (Economic Times) Pine Labs (PINE IS) - Mastercard Asia/Pacific exited the Co. by selling its entire 4.31% stake, or 49.7mln shares, for INR 9.34bln to 13 domestic and global institutional investors at INR 187.75/shr. (Moneycontrol) Adani Group - Five Adani Group companies settled SEBI adjudication proceedings related to alleged disclosure and corporate governance violations examined following issues raised in the Hindenburg Report. (Economic Times) Energy - Oil marketing companies are in focus after Brent crude fell below USD 100/bbl amid reports of a potential diplomatic opening between the US and Iran. (Economic Times)