Tuesday, January 06, 2026 | 03:48 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

UK won't take more than 25 percent stake in Tata Steel assets: UK business secy

Image

Reuters LONDON

LONDON (Reuters) - British Business Secretary Sajid Javid said on Thursday the government was not prepared to take more than a 25 percent equity stake in Tata Steel's UK assets and he wanted to see them sold as soon as possible.

"Twenty five percent was the limit that I thought was necessary to show that on the one hand you're serious about helping ... but also not to put off potential investors by saying this is something the government seeks to control," he told a committee of lawmakers.

(Reporting by William James, editing by Elizabeth Piper)

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 28 2016 | 4:21 PM IST

Explore News