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Gautam Singhania announced his separation from Nawaz Modi Singhania on November 13, following which Modi asked for 75 per cent of his $1.4-billion personal wealth for herself and their two daughters.
Shares of Raymond shed over 4 percent in intra-day deals on Monday, extending losses for the seventh straight session amid reports that chairman Gautam Hari Singhania's estranged wife Nawaz Gautam Singhania has demanded 75 percent of his fortunes. The couple announced separation earlier this month.
Multibagger stock: A change in leadership, rapid scale-up in real estate business, focus on cost optimisation, the sale of the FMCG business to GCPL and the acquisition of Maini Precision Products supported the stock.
Raymond stock rose 2.86% to Rs 1866 against the previous close of Rs 1814.65 on BSE today. Market cap of the firm rose to Rs 12,355 crore on BSE.
Raymond shares rose 1.34% to Rs 1577 against the previous close of Rs 1556.75 on BSE today. Market cap of the firm rose to Rs 10,438.76 crore on BSE.