UK's Saietta Group surges on contract from Indian client
26/07/2023 08:33
** Shares of Saietta Group SED.L rise as much as 36.1% to
49p, their highest since June 2
** Co, which designs, engineers and manufactures complete
electric drivetrain (eDrive) systems for electric vehicles,
signs new commercial agreement for a third vehicle line with an
existing Indian client in the light-duty mobility market
** SED says parties initially expect a volume of 60,000
units over a 5-year period
** Shares set to post best day ever, if trend holds
** Stock currently up 30%, trimming the year's losses to
around 23%
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))