BusinessThe curious case of Children’s Investment Fund vs Coal India
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The curious case of Children’s Investment Fund vs Coal India
Not the fans, but U.S. investors may turn out to be the ones who help the UK-based 'soccer' club and its owners, the Glazer family, raise up to $333 million in its IPO.
A Dreamliner in Air India colours at an airport in Washington
UK-based hedge fund Children Investment Management Fund (TCI) has dragged Coal India Ltd (CIL) to court over illegal interference of the government in the functioning of the public-owned company. TCI is a minority stakeholder in CIL owning little over 1 per cent in the public sector unit (PSU), while the government owns 90 per cent.