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.

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