STOCK MARKET BSE NSE

Liberty's Gupta Says not yet Engaged With Tata UK Stakeholders

Prime Minister David Cameron\'s government has said it is working to broker a deal with potential buyers.

Published: 05th April 2016 12:48 PM  |   Last Updated: 05th April 2016 12:48 PM   |  A+A-

LONDON: Liberty House Group boss Sanjeev Gupta said on Tuesday a deal could be done to buy Tata Steel's British operations without mass redundancies but that he had not yet opened talks with the sellers.

Prime Minister David Cameron's government has said it is working to broker a deal with potential buyers after India's Tata Steel put its loss-making British plant up for sale last week, threatening thousands of jobs.

Gupta is due to meet Britain's business secretary later on Tuesday to discuss the sale. He said Tata's Port Talbot plant could be restructured to make it more profitable and said staff could be retrained rather than fired.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp