India's Tata Technologies soars 140% in pre-open debut trade

Tata Technologies

30/11/2023 04:19

BENGALURU, Nov 30 (Reuters) - Shares of India's Tata
Technologies  TATE.NS  surged 140% in their trading debut on
Thursday, valuing the company at 486.80 billion rupees ($5.84
billion).
    The stock debuted at 1,200 rupees in pre-open trade,
compared with its initial public offer (IPO) price of 500
rupees.
    This is the first Tata Group company to go public since Tata
Consultancy Services  TCS.NS  listed in 2004.
    The benchmark Nifty 50 index  .NSEI  was up 0.1%.
        
  
($1 = 83.3040 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru; Editing by Mrigank
Dhaniwala)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;
 +91 8095218099;))