TCI drags CIL, govt to court for breach of fiduciary duties
Sindhu • 13 years agoThe 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
Sindhu • 13 years agoA 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
Fp Archives • 13 years agoThe 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
Fp Archives • 13 years agoTCI 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?
Sindhu • 13 years agoMixed 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
Sindhu • 13 years agoUK 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
Sindhu • 13 years agoHedge 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
Fp Archives • 13 years agoPavan 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
Jagannathan • 13 years agoA 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
Fp Editors • 13 years agoAll 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.