India's Tata Technologies soars 180% in debut trade, valued at nearly $7 billion

India's Tata Technologies soars 180% in debut trade, valued at nearly $7 billion

The Star Online - Tech·2023-11-30 14:01

BENGALURU (Reuters) -India's Tata Technologies jumped as much as 180% in its trading debut on Thursday, valuing the first Tata Group company to go public in nearly two decades at 567.94 billion rupees ($6.8 billion).

The company, which provides engineering and technology services to auto, aero and heavy machinery makers, surged past its initial public offer (IPO) price of 500 rupees to debut at 1,200 rupees. The stock scaled as high as 1,400 rupees.

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