Shares of Tata Technologies soared on their trading debut, making it the first Tata Group company to go public in two decades. Tata Technologies is a unit of Tata Motors and provides engineering and technology services to auto, aero, and heavy machinery makers. Its valuation exceeds that of its peers, including KPIT Technologies, L&T Technology Services, and Tata Elxsi. The company is valued at $6.4 billion. The IPO was fully subscribed within minutes and comes as India records a record number of IPOs this year. Tata Technologies aims to expand into aerospace, transportation, and electric vehicles.
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Tata Technologies valued at $6.4 billion: IT companies whose record it beat
Shares of Tata Technologies soared on their trading debut, making it the first Tata Group company to go public in two decades. Tata Technologies is a unit of Tata Motors and provides engineering and technology services to auto, aero, and heavy machinery makers. Its valuation exceeds that of its peers, including KPIT Technologies, L&T Technology Services, and Tata Elxsi. The company is valued at $6.4 billion. The IPO was fully subscribed within minutes and comes as India records a record number of IPOs this year. Tata Technologies aims to expand into aerospace, transportation, and electric vehicles.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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