Tata Steel gains 2% as it inches closer to selling UK arm

NEW DELHI: Shares of Tata Steel gained about 2 per cent in trade on Friday after reports emerged that company is in talks to sell its UK steel plants to a private equity firm in London.

Greybull Capital is believed to have agreed terms with Tata Steel, according to The Times.

In reaction to the development, the scrip climbed 1.80 per cent to hit a high of Rs 243.