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Two days after announcing the ownership restructuring, Ambuja's managing director Onne Van Der Weijde is still busy in back-to-back meetings with investors.
Purpose: Simplifying the complex deal and its advantages.
Swiss cement giant Holcim may have put on its website its latest statement under "Holcim simplifies group structure in India", but its man in India, Onne understands that it's not that simple to simplify the "complex deal structure".
Ever since Weijde announced the "complex" structuring of Holcim's Indian operations, he might not have had as many meetings earlier as he is currently engaged with. Onne is trying his best to please institutional investors, analysts and other investors.
And rightly so. This is a need of the hour as sector experts had given a thumbs down sending shares of Ambuja and ACC down 10% and 3%, respectively on Thursday.
Market participants were quick to term the latest proposed deal under various names such as 'non-sense deal', 'fraud', 'siphoning off Ambuja's cash' and 'day light robbery' among others. This has made it a tough task for Onne to explain it to investors and he currently has a hectic schedule of back-to-back meetings with investors.
