The much awaited announcement by Holcim has come out with the
announcement of a restructuring where it will basically end up cleaning
up the cash of Ambuja Cements.
This is the link on the proposed deal.
http://www.moneycontrol.com/news/business/holcim-ups-stakeambuja-cements_924432.html
This is the view from Anil Singhvi – ex CEO and MD of Ambuja Cements has lashed the holcim management as he sees no advantage in the Holcim – Ambuja merger. He calls this as a fraud on minority shareholders.
http://www.moneycontrol.com/news/business/see-no-advantageholcim-ambuja-merger-anil-singhvi_924520.html
Although Holcim owns majority stake in Ambuja Cements for last many years and it might be hurting to see the accumulated cash of 3800 crores lying unused
So this deal augurs really well for Holcim and anyways who cares for the minority shareholders in India
Can any body be looking into this deal and stop such a hit on minority shareholders ?
The worst part about the decision is got a rumour in the day that Ambuja Cements may crack sharply tomorrow and the news has come out to be unfavorable !! How come some speculators are privy to such information.
Also more surprising is the fact stock rallied from 170 to 210 in last month. In last four days it has fallen from 212 to 190.
Was this a trap ? done by insiders or market players
A fall tomorrow seems inevitable but the extent is what market will decide. Some people expect a drop of 10-20% or even more.
This will be an interesting case. Will there be some activism and stop it ?
In India many promoters tend to screw minority shareholders through warrants, siphoning, royalty, pledging, CEO salaries and various ways. But when one sees large companies end up doing the same it is high time there is some activism and regulation. In another post will try to pick out some recent instances.
A BSE listed company uses cash to buy real estate ! after selling of the company !
A BSE listed company has a 90 cr theft loss and no FIR
A BSE listed company pays CEO 70 crores a year.
There are 10 BSE listed companies with the same address.
If time permits will write a post on the above.
There is a nice saying in India Businesses go Bankrupt and Promoters never Bank – Rupt in India means the Bank foots the bill ( NPAs and NPAs )
This is the link on the proposed deal.
http://www.moneycontrol.com/news/business/holcim-ups-stakeambuja-cements_924432.html
This is the view from Anil Singhvi – ex CEO and MD of Ambuja Cements has lashed the holcim management as he sees no advantage in the Holcim – Ambuja merger. He calls this as a fraud on minority shareholders.
http://www.moneycontrol.com/news/business/see-no-advantageholcim-ambuja-merger-anil-singhvi_924520.html
Although Holcim owns majority stake in Ambuja Cements for last many years and it might be hurting to see the accumulated cash of 3800 crores lying unused
So this deal augurs really well for Holcim and anyways who cares for the minority shareholders in India Can any body be looking into this deal and stop such a hit on minority shareholders ?
The worst part about the decision is got a rumour in the day that Ambuja Cements may crack sharply tomorrow and the news has come out to be unfavorable !! How come some speculators are privy to such information.
Also more surprising is the fact stock rallied from 170 to 210 in last month. In last four days it has fallen from 212 to 190.
Was this a trap ? done by insiders or market players
This will be an interesting case. Will there be some activism and stop it ?
In India many promoters tend to screw minority shareholders through warrants, siphoning, royalty, pledging, CEO salaries and various ways. But when one sees large companies end up doing the same it is high time there is some activism and regulation. In another post will try to pick out some recent instances.
A BSE listed company uses cash to buy real estate ! after selling of the company !
A BSE listed company has a 90 cr theft loss and no FIR
A BSE listed company pays CEO 70 crores a year.
There are 10 BSE listed companies with the same address.
If time permits will write a post on the above.
There is a nice saying in India Businesses go Bankrupt and Promoters never
Bank – Rupt in India means the Bank foots the bill ( NPAs and NPAs ) 
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