In an Article named “ Sesa Goa shareholders to vote on Sterlite merger” in Mint on 18th June 2012, InGovern was quoted as follows:
Bangalore-based InGovern, has overall recommended voting “for” the merger, squaring off the extra debt with “the transfer of cash and equivalents of Rs. 21,546 crore (as in December 2011)” to the new entity. But it has given a “starred” recommendation, adding caveats that shareholders should “weigh the risks associated—allegations of human rights violations, environmental risks—with VAL and raise these concerns” with the management.
The full article can be downloaded from here: Mint – 18th June 2012
Link to the article: http://www.livemint.com/2012/06/18224742/Sesa-Goa-shareholders-to-vote.html