Explaining the ongoing supply of shares in the form of promoter and private equity (PE) selling in India, Kotak Institutional Equities used the analogy of cult movie The Godfather, saying there are high valuations across most sectors and stocks and promoters and PE investors just 'can't refuse' the opportunity. Advertisement

In the 1972 movie Godfather, "I'm gonna make him an offer he can't refuse" was said by actor Marlon Brando while playing the fictional character of Don Vito Corleone.

Kotak evoked the scene, suggesting as long as valuations remain high, private equity investors and promoters would not mind selling shares. Kotak said promoters have been increasingly monetising their holdings through secondary market or strategic transactions and said high valuations may help overcom

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