Covid-19 impact: Tata Steel’s struggling UK, Europe units may not get parent’s support

Tata Sons, the holding company of salt-to-software Tata Group, has refused to commit any further funds to support Tata SteelNSE
-3.26 %’s loss-making UK and Europe subsidiaries. As a result, a bailout by the UK government seems to be the only chance of survival for these businesses, officials close to the development said.