Nawaz Modi-Singhania ousted from Raymond Group companies amid divorce dispute
7 months, 4 weeks ago

Nawaz Modi-Singhania ousted from Raymond Group companies amid divorce dispute

Hindustan Times  

Nawaz Modi-Singhania has been removed from the board of three privately held Raymond Group companies- JK Investors, Raymond Consumer Care and Smart Advisory and Finserv- through an EGM held on March 31, the companies said as per a report in the Economic Times. Nawaz Modi-Singhania had approached the board of two of these companies contesting the removal, the report added citing people in the know. Nawaz Modi-Singhania and Raymond group chief Gautam Singhania have been locked in a bitter settlement dispute after the announcement of their divorce in November 2023. First the assault, and now the ouster.” A spokesperson JK Investors and Smart Advisory told Economic Times, “JK Investors and Smart Advisory are closely held companies.

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History of this topic

Gautam Singhania faces calls to step down from Raymond's board: 'Until divorce with Nawaz Modi is settled'
6 months ago

Gautam Singhania faces calls to step down from Raymond's board: 'Until divorce with Nawaz Modi is settled'

Hindustan Times  

Institutional Investor Advisory Services urged Raymond shareholders to vote against the reappointment of Gautam Singhania as Chairman and Managing Director. Institutional Investor Advisory Services urged Raymond shareholders to vote against reappointment of Gautam Singhania. IiAS said, "Until the divorce issues are settled and an independent investigation is completed, we expect both Gautam Singhania and Nawaz Modi to step off the …

Nawaz Modi makes first public appearance post her separation from Raymond MD Gautam Singhania
9 months, 2 weeks ago

Nawaz Modi makes first public appearance post her separation from Raymond MD Gautam Singhania

Firstpost  

Dressed in a comfy yet stylish mini dress in shades of sky blue and pink, Nawaz made a stylish exit from the city. Nawaz Modi, the estranged wife of Raymond MD Gautam Singhania, recently made her first public appearance as she exited from Jamnagar after attending the lavish pre-wedding ceremonies of Anant Ambani and Radhika Merchant. For those uninitiated, Gautam …

Probe Nawaz Modi, Gautam Singhania issue: IiAS to Raymond's independent directors
1 year ago

Probe Nawaz Modi, Gautam Singhania issue: IiAS to Raymond's independent directors

Hindustan Times  

Raymond’s independent directors should ask the promoters to step down, and actions must be taken to address the 'long-drawn acrimonious battle' between chairman and managing director Gautam Singhania and his estranged wife, board member Nawaz Modi, said proxy advisory firm Institutional Investor Advisory Services India Limited in an open letter on Tuesday. Gautam Singhania announced divorce through a post on …

Probe assault charges, proxy advisory firm urges Raymond’s independent directors
1 year ago

Probe assault charges, proxy advisory firm urges Raymond’s independent directors

Live Mint  

New Delhi: Independent directors of Raymond Limited should ask the promoters of the company to step aside in the wake of serious accusations against chairman and managing director Gautam Singhania, said proxy advisory firm Institutional Investor Advisory Services India Limited. In an open letter to the independent directors of the company, the firm requested them to assuage the concerns of …

Gautam Singhania family feud: Raymond stock crumbles as mcap falls
1 year, 1 month ago

Gautam Singhania family feud: Raymond stock crumbles as mcap falls

Hindustan Times  

Raymond Group managing director Gautam Singhania and estranged wife Nawaz Modi Singhania are currently in the process of finalising their divorce settlement, with the public ordeal now having a negative impact on the shares of the garment-making company. Raymond's Gautam Singhania and estranged wife Nawaz Modi Singhania Gautam Singhania's Raymond Group, which is the world's largest suit garment manufacturer, has …

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