Ramesh Damani holds 1,98,295 shares amounting to 1.18% in macmillan. The purchase was made between oct 09 to dec 2009. Macmillan may be the dark horse and a real multibagger of 2009
I have also noticied the same and also please note that anothet share holder Derive Trading pvt ltd is selling for the past two days. They have around 5.6%
But who is absorbing this chunk. That is the question. But the company ruthlessly
demerged an entity which is the cash cow MPIL. All MNCs do the same and express themselves as transperent. The accounts may be transpetenr but this is not good for the long time investor.
Mr.Arunachalam, Macmillan India the present company after the demerger now represents its IT and BPO business (Information Process businesses).
Businessline has reported that Macmillan`s information process business accounted for nearly 64% of its turn over.
BPO in publishing business is the fastest growing segment and since macmillan`s foreign parent is a giant in BPO publishing, it is able to give a lot of orders to Macmillan.
The pure publishing business was a loss making one and therefore it has been demerged. The investors are provided with a hugely profitable business entity. So your view is not correct. My view is Macmillan is the dark horse of this accounting year 09-10. A Potential multi multi bagger.
| NIFTY 
