Sanjeev Gupta, the boss of metals trader Liberty House Group who wants to buy Tata Steel Ltd's loss-making British operations, says he has the financial resources to match his ambitions.
Hitting back at critics who have questioned his capacity to take on a business dragged down by heavy debt and weak sales, the 44-year-old Cambridge graduate said he was serious about making an offer and had the backing of a group with $7 billion of revenues.
"If you look at our financials, we are probably the least leveraged company in our sector," Gupta told Reuters in a phone interview on Thursday.
"We like to punch above our weight, we like to take on challenges, but we know how to stay in business so we never over-stretch ourselves."
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