With the ongoing marital split between Gautam Singhania and Nawaz Modi, the minority shareholders of the Raymond Group are again caught in the crossfire of a family feud. The divorce settlement will have financial implications and can impact the ownership and control at Raymond Ltd. This is making investors jittery.
An Indian proxy advisory firm has called for Raymond s independent directors to probe assault allegations against Managing Director Gautam Singhania. Nawaz Modi Singhania, a board member and Singhania s former wife, accused him of assaulting her and their daughter in September 2023, as reported by local media.
An Indian proxy advisory firm has called for Raymond s independent directors to probe assault allegations against Managing Director Gautam Singhania. Nawaz Modi Singhania, a board member and Singhania s former wife, accused him of assaulting her and their daughter in September 2023, as reported by local media.