Market participants pointed out that Tata Steel has hired a banker at Standard Chartered group team to help them sell unprofitable United Kingdom business.

The business is the United Kingdom's largest manufacturing businesses, the company planned to prevent its business shut down.

On March 30 this year, Tata steel has tried to sell its steel business, but failed to cause the majority of United Kingdom attention from big investment banks.

Earlier this week, only two of the 10 largest investment banks are expressed their intentions in the search for potential buyers.