TCI takes on Coal India

Image may be NSFW.
Clik here to view.A wake-up call for complacent corporate India from The Children’s Investment Fund, the UK-based activist hedge fund. It sent a letter on Monday to Coal India – in which TCI’s 2 per cent stake makes it the biggest shareholder after the Indian government, with 90 per cent – accusing it of committing a “breach of fiduciary duties” to minority shareholders by reversing an earlier steep increase in the price it charges for coal.