The Children’s Investment Fund Management (TCI), which held 1.1% of the equity in Coal India as of March 31, 2013, has sold about 19 per cent of its shareholding in Coal India since April. Following this, UK-based investor’s stake in the company stood at 0.81%, while the government of India owns 90% stake in the company. Earlier, TCI made public protests since the Indian government last year forced Coal India to reverse a price hike. It filed a writ petition in the Delhi high court and a lawsuit in the Kolkata high court against Coal India's directors.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
