Raymond's Name Will Ultimately Depend On Shareholders, Bankers

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". In an interview with Sourav Majumdar, Editor, Business Today, Vijaypat Singhania said: "Raymond has a very large number of mature, logical shareholders. They can think for themselves. If they see something bad, they react quickly."