Raymond Ltd. Chairman Gautam Singhania Addresses Separation Reports

Raymond Ltd. Chairman Gautam Singhania and Nawaz Modi Singhania, in response to their recent separation announcement, are actively engaged in an amicable settlement process. Mrs. Singhania has reportedly sought 75% of Mr. Singhania’s $1.4 billion net worth for herself and their daughters, Niharika and Nisa. Mr. Singhania has indicated his acceptance of this proposal, suggesting the establishment of a family trust. However, differences arise on the terms of asset distribution post Mr. Singhania’s demise.

Legal advisors Haigreve Khaitan and Rashmi Kant are facilitating discussions, with mediation efforts by Akshay Chudasama. Both parties prioritize securing the future of their daughters. Mr. Singhania, in a social media statement, emphasized commitment to co-parenting and debunked rumors surrounding their separation. The couple navigates this challenging time with a focus on their daughters’ well-being.