EXCLUSIVE: Vijaypat Singhania Speaks Out On Son Gautam
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As Gautam Singhania-Nawaz Modi separation
As Gautam Singhania-Nawaz Modi separation resulted into to Rs 1,500-crore erosion of market capitalisation of Raymond Ltd stock, the firm's CMD's father Vijaypat said the firm's name will "ultimately depend on how shareholders, bankers look at it".
With Nawaz Modi Singhania reportedly demanding 75% of Gautam Singhania's $1.4-billion wealth as part of settlement, Raymond's share price took a hit. In the last five trading sessions, Raymond stock fell 8%. It's been one of the best performing stocks after Covid lows. It rose as much as eight times since March 2020.
When asked if the situation will rattle the shareholders, 85-year-old Vijaypat said, "Raymond's name will ultimately depend on how a larger number of shareholders, bankers, buyers, sellers look at it. There are two things in it. One is how they see the issue itself and how it will affect them and they will also look at Raymond's performance and they are not necessarily the same. So, I think it's a very difficult question to answer whether it will affect the Raymond name. We took a long time in building it. It was a very small company making blankets when we bought and then I took over. Today, it has worldwide fame."
In an interview with Sourav Majumdar, Editor, Business Today, Vijaypat Singhania spoke about the Gautam-Nawaz split and what that could mean for his company and his family
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With Nawaz Modi Singhania reportedly demanding 75% of Gautam Singhania's $1.4-billion wealth as part of settlement, Raymond's share price took a hit. In the last five trading sessions, Raymond stock fell 8%. It's been one of the best performing stocks after Covid lows. It rose as much as eight times since March 2020.
When asked if the situation will rattle the shareholders, 85-year-old Vijaypat said, "Raymond's name will ultimately depend on how a larger number of shareholders, bankers, buyers, sellers look at it. There are two things in it. One is how they see the issue itself and how it will affect them and they will also look at Raymond's performance and they are not necessarily the same. So, I think it's a very difficult question to answer whether it will affect the Raymond name. We took a long time in building it. It was a very small company making blankets when we bought and then I took over. Today, it has worldwide fame."
In an interview with Sourav Majumdar, Editor, Business Today, Vijaypat Singhania spoke about the Gautam-Nawaz split and what that could mean for his company and his family
#gautamsinghania #nawazmodi #indiatoday #exclusive #exclusiveinterview
Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video.
All you need to do is PRESS THE BELL ICON next to the Subscribe button!
India Today TV is India's leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more.
Stay tuned for latest updates and in-depth analysis of news from India and around the world!
WhatsApp Channel: https://whatsapp.com/channel/0029Va2A...
Download App: https://indiatoday.link/wHaj
Follow us: Official website: https://www.indiatoday.in/
Twitter: Twitter: IndiaToday
Facebook: Facebook: IndiaToday
8 ماه پیش
در تاریخ 1402/09/02 منتشر شده
است.
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