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Raymond re-appoints Gautam Hari Singhania as MD, Retail News, ET Retail

On Friday, Raymond re-appointed Gautam Hari Singhania as the managing director of the company for a term of five years starting from July 1, 2024, as mentioned in an exchange filing. ....

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Customs case: Singhania-led Raymond Group pays Rs 328-crore penalty, ET Retail

The federal agency identified Raymond Group chairman and managing director (CMD) Singhania as the "beneficial owner," on whose alleged instructions 142 cars, including 138 vintage ones and four R&D vehicles, were procured by group companies from renowned auction houses such as Sotheby s, Barrett-Jackson and Bonhams. ....

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Raymond gets independent legal counsel to advise co amid Singhania marital dispute, ET Retail

Raymond s Independent Directors have retained Berjis Desai, a senior independent legal counsel, to advise the company amidst the ongoing marital dispute between Chairman and MD Gautam Singhania and Nawaz Modi. The Independent Directors aim to ensure the dispute does not impact the Chairman s ability to manage the company. Proxy advisory firm IiAS previously urged independent directors to appoint an interim CEO and investigate allegations of assault and misuse of company funds. ....

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Raymond becomes net debt-free, to demerge lifestyle business and list separately

Each shareholder of Raymond Limited will get 4 shares of Raymond Consumer Care for every 5 shares held, when the latter lists ....

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