MUMBAI: S Ramesh, chief operating officer, Kotak Investment Banking, said many promoters are going through a liquidity crunch.
"It's a question of how much money they have, and how they will get money to mop up stocks. That seems to be a bit of a challenge in the short-run.. promoters are using a combination of buy backs or creeping acquisitions. One has seen a lot of action in this space..."
Speaking on the primary market, Ramesh said: "By and large, almost all the sectors, listed and unlisted companies, there is a demand for capital but buyers and sellers cannot come together and rationally make a deal. Whether its listed or unlisted space, we need to wait it out before we see that... but enquiries are all there."
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