"Over the last seven days, the advisers to Tata Steel Europe have begun initial exploration of interest in Tata Steel’s UK operations reaching out to 190 potential financial and industrial investors worldwide," it said.
"More detailed information sharing will commence this week as the process moves into the confidential phase."
The company has also appointed Standard Chartered Bank as an additional adviser to the process to ensure the coverage and reach of the universe of potential buyers, especially to Asia and Far East. Tata Steel had announced on April 11 that KPMG will be its principal advisor.
The announcement of the UK asset sale came after Tata Steel suffered $3 billion in losses in UK operations, some 10 years after it had forayed into Europe by acquiring Anglo-Dutch Corus for over $8.1 billion.