Coal India can’t do the govt’s bidding

Coal India can’t do the govt’s bidding

Coal India can't do the govt's bidding

Coal India can’t do the govt’s bidding

The activist hedge fund Children’s Investment Fund Management LLP, has gotten the attention of the Indian government, but it is far from the wishes of not getting it.

Since the beginning of the year, TCI in the United Kingdom is emerging as a battle to the rights of minority shareholders is the largest coal of India producer, Coal India Ltd in the UK-based fund says that coal India behaviors that lower profits, and ultimately hurts investors. TCI for the second largest shareholder of Coal India after the Indian government

TCI is one of the main claims of this year to Coal India reduced the selling price of coal to a level far below international market prices, after receiving a letter from the Indian Ministry of Coal.

 Coal India can’t do the govt’s bidding

In early March, TCI argued that India’s Coal Board’s fiduciary duty to minority shareholders to protect violated after the orders of the Government of India selling coal.

At the end of March, TCI notified the Ministry of Coal India, claims to the violation of the agreement between Coal India, India and the United Kingdom, which requires investment in both countries is just and equitable treatment.

In mid-May, TCI fired from another letter to the Indian Government sent to the Ministry of Finance, says that if the problems were not resolved by an arbitration agreement to start..