UK fund invokes treaties for CIL loss

UK-based fund, The Children Investment (TCI) Fund, is invoking the provisions of India-UK and India-Cyprus bilateral treaties to demand compensation from the Indian government for the losses it suffered as a shareholder in Coal India. The Children's fund, which is the largest shareholder in Coal India after the Indian government, represents the growing trend of foreign investors such as The Chatterjee Group (TCG), Russian telecoms group Sistema and the Norwegian telecom company Telenor, which have invoked bilateral treaties to protect their investments in India over the last few weeks.

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