India's Tata Technologies climbs on acquisition of German firm

Tata Technologies

15/09/2025 05:57

** Shares of Tata Technologies TATE.NS gain as much as 2.7% to 720.75 rupees; last up 1.4%

** Tata Tech, through its Singapore unit, acquired German auto engineering services firm ES-Tec GmbH

** Acquisition in an all cash deal valued at 75 million euros ($88 million)

** Stock hits highest level since late-July

** Analysts' avg rating on stock is "sell," median PT is 590 rupees - data compiled by LSEG

** Year-to-date, TATE down ~20%

($1 = 0.8523 euros)

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))