Tata Sons may lend long-term critical financial support to Tata Steel’s struggling British and Dutch units, since a funding support expected from the UK government is unlikely to be more than one-fifth of the £500 million sought, top executives close to the development said. UK chancellor of the exchequer, Rishi Sunak, recently stated that he would set an “exceptionally high” bar for companies seeking taxpayer-funded bailouts.
Read more via: The Economic Times