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

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