Tci

TCI drags CIL, govt to court for breach of fiduciary duties

The Children's Investment Fund Management of the UK said today it has filed a law suit in the Kolkata High Court against the directors of CIL for breach of their fiduciary duties and for failing to perform their functions with adequate care and skill.

UK investor sues govt for messing around with Coal India

A UK-based hedge fund has finally sued the government for shortchanging investors by interfering with the commercial decisions of Coal India Ltd

CIL issue: Coal min to meet TCI on alleged treaty violation

The development followed CIL's getting ready to ink fuel supply pacts with power firms for a minimum assured supply under a Presidential directive.

TCI to sue Coal India if it fails to set FSA price by June end

TCI is the biggest foreign investor in CIL and has a minority stake in it. It has been accusing the PSU of not protecting minority shareholders' interest and harming the company by not opposing fuel supply agreements

Coal Min meets its detractor TCI: but who said what?

Mixed versions have emerged from government and The Children's Investment Fund on what transpired in the meetings over Coal India.

Coal ministry wary of TCI's arbitration threat on CIL

UK hedge fund TCI has sought a dialogue with government in order to settle issues relating to CIL's minority shareholders' rights.

Does TCI have ammo against CIL? Yes, it has two bullets

Hedge fund TCI is looking to the Colliery Control Order of 2000 for ammo to fight Coal India's board on pricing.

Tilting at windmills: Rebuttal of FP post on Coal India

Pavan Ahluwalia challenges a viewpoint expressed in Firstpost on the actions of Coal India's disgruntled minority shareholder. Firstpost editor Jagannathan responds.

Satyam scam and FIs: Case of the dogs that did not bark

A Scottish investor is suing Mahindra Satyam for Ramalinga Raju's scam. But domestic FIs are still silent. Will domestic investor interests again be sold down the river?

Govt's pricing policy flawed, Coal India loses $20 bn a year

All in all, Chris Hohn, chief investment officer of The Children's Investment Fund, said the government was acting against public interest in the way it handled Coal India.