Raymond’s Market Value Shrinks by ₹1,500 Crore Amid Gautam Singhania’s Divorce

Mumbai: Raymond Ltd., a major global producer of suit fabric, has witnessed a seven-day decline in BSE following the contentious separation of its billionaire Chairman, Gautam Singhania, and his wife. The stock has dropped by 12% since November 13, coinciding with Singhania’s announcement of the separation from Nawaz Singhania, his wife and a board member at Raymond.

This decline, totalling over ₹1,500 crores in market value, has intensified, with shares falling by as much as 4.4% on Wednesday—the most significant drop since October 25. The uncertainty surrounding the high-profile separation has raised concerns among investors.

According to reports on Monday, Nawaz Singhania is said to be seeking 75% of Gautam Singhania’s $1.4 billion fortune as part of a settlement. The Raymond Group has not yet provided a comment on this matter.

Analysts have noted that the uncertainty around the separation is impacting the stock adversely. The fact that Nawaz Singhania is a board member has raised corporate governance concerns. Singh initiated coverage on the stock with a hold recommendation on November 20. Currently, data compiled by Bloomberg indicates seven buy ratings and no sell ratings for the company.

Investors are closely monitoring the situation as the corporate landscape and market dynamics remain uncertain amid this high-profile marital dispute within the leadership of Raymond Ltd.