Tata Technologies valued at nearly $7 billion after 180% surge in debut trade

BENGALURU: 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 Rs 567.94 billion ($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 Rs 500 to debut at Rs 1,200. The stock scaled as high as Rs 1,400.