Raymond Ltd News

Despite the controversy, Raymond Ltd. emphasised Gautam Singhania's accomplishments and leadership skills in the regulatory filing that announced his re-appointment.

Vijaypat Singhania's Life Story: Vijaypat Singhania, who was once the driving force behind the establishment of the Raymond Group - a name well-known for creating clothing and textiles worn by millions - now lives a miserable life. His life story serves as a cautionary reminder of the fragility of relationships and the far-reaching consequences of family disputes.

The high court had last month suggested to the father-son duo to hold meetings, along with their lawyers, to try and arrive at an amicable solution since the dispute was personal.

Shares of Raymond came under massive selling pressure today, plunging nearly 10 percent in early trading session after proxy advisory firm IiAS warned that a proposed real estate deal will result a loss of over Rs 650 crore for the company and its shareholders.

Singhania, the chairman and managing director of Raymond Ltd., will make a determined bid for the top honours at the biggest racing extravaganza at Yas Marina Circuit in Abu Dhabi over the next few days.