FII warns CIL of legal action on coal pricing

The government's move to change the pricing strategy of PSU major Coal India (CIL) may soon face legal hurdles. The Children's Investment Fund (TCI), a UK-based FII that is the largest non-government shareholder in CIL with a 1% holding, has threatened to take the Kolkata-based company's board members to court for breach of fiduciary responsibilities and alleged abuse of minority shareholders' rights.

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