Raymond Loses Rs 1,500 Crore of Market Capitalisation As Chairman Gautam Singhania’s Separation From Wife Sparks Uncertainty Among Investors
Shares of Raymond extended their fall for the seventh day on Wednesday (November 22) amid uncertainty surrounding the separation between its billionaire Chairman Gautam Singhania and his estranged wife Nawaz Singhania.
Raymond’s shares extended their fall for the seventh day on Wednesday (November 22) amid uncertainty surrounding the separation between its billionaire Chairman Gautam Singhania and his estranged wife Nawaz Singhania. The stock of suit fabric producer plunged nearly 4% in Wednesday's trade, wiping out Rs 1,500 crore of investor wealth over the last seven sessions. Gautam Singhania, MD of Raymond Group, Announces Separation From Wife Nawaz Modi Singhania After Video of Her Being Stopped From Entering Her Husband’s Diwali Party Surfaces.
Raymond Shares Wiped Out
Raymond, one of the world’s biggest producers of suit fabric, falls for the seventh day in Mumbai as the acrimonious separation between its billionaire Chairman Gautam Singhania and his wife sparked uncertainty among investors https://t.co/J9AVqftiui
— Bloomberg Asia (@BloombergAsia) November 22, 2023
(The above story first appeared on LatestLY on Nov 22, 2023 05:30 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
