Hedge Fund Files Petition Against Indian Company

by Staff Writer on August 3, 2012

Hedge Fund Files Petition Against Indian CompanyLondon-based hedge fund The Children’s Investment Fund Management is seeking legal action against an Indian coal company.

Dow Jones reported that TCI, the largest shareholder in Coal India Ltd., filed a petition in a Delhi High Court requesting that the company increase its coal prices while claiming that India’s coal ministry had broken the law when it intervened in the setting of the prices.

Read Full Article At eVestmentHFN

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