Challenging Divorce Proceedings: Shareholder Concerns Rise as Billionaire Gautam Singhania and Estranged Wife Nawaz Modi Navigate Controversial Split

The divorce proceedings involving billionaire Gautam Singhania and his estranged wife, Nawaz Modi, have entered a challenging phase, prompting concerns among shareholders of Raymond.

Raymond's Chairman and Managing Director (CMD), Gautam Singhania, is currently embroiled in a contentious separation from his estranged wife, Nawaz Modi, sparking concerns among the company's shareholders. Despite Singhania's decision to remain silent on the family dispute in order to preserve his family's dignity, Modi has been outspoken since Singhania publicly announced their 32-year marriage had ended.

In a recent interview with India Today TV, Modi made several sensational allegations against Singhania, including accusations of physical assault. She recounted an incident where Singhania purportedly compelled her to climb the Tirupati steps without access to food and water. Additionally, Modi claimed that Singhania rejected a settlement proposal she put forth, which reportedly involved 75 percent of his $1.4 billion net worth.