PRE-MARKET INDIAN STOCKS NEWS: Tata Motors Commercial Vehicles (TMCV IS) launched an open offer for Iveco Group shares at EUR 14.10/shr, valuing the Italian commercial vehicle manufacturer at around EUR 3.82bln

CIE Automotive India (CIEIND IS) - Co. invested INR 1.208bln in wholly owned subsidiary CIE Hosur by acquiring 6.94mln fully paid-up equity shares on a rights basis. (Economic Times) Eicher Motors (EIM IS) - Co.’s Royal Enfield launched the Himalayan 440 in India at an ex-showroom price of INR 229k, with bookings opening on 4th September. (Economic Times) JSW Steel (JSTL IS) - Co. August consolidated crude steel production rose 3% Y/Y to 2.465mln tonnes, with domestic production rising 4% Y/Y to 2.387mln tonnes while US production fell 11% Y/Y. (Economic Times) Lemon Tree Hotels (LEMONTRE IS) - Co. signed licence agreements for two properties in Bodhgaya, Bihar, adding 145 rooms to its portfolio in the state. (Economic Times) Lupin (LPC IS) - Co. received US FDA approval for Modafinil Tablets USP in 100mg and 200mg strengths. (Economic Times) Rail Vikas Nigam (RVNL IS) - Co. received an INR 9.03bln Letter of Award from SJVN Thermal for work on the 1,320MW Buxar Thermal Power Project in Bihar. (Economic Times) Tata Motors (TMCV IS) - Co. launched an open offer for Iveco Group shares at EUR 14.10/shr, valuing the Italian commercial vehicle manufacturer at around EUR 3.82bln. (Economic Times) Energy Oil marketing companies are expected to remain in focus after the US struck three Iranian oil tankers following ballistic missile attacks by Iran’s Islamic Revolutionary Guard Corps on two US Navy ships. (Economic Times)