Nawaz Modi Step Down – In Raymond again, stir … first husband Gautam Singhania, now Nawaz Modi took this step – Gautam Singhania Wife Nawaz Modi Singhania Resigns as Director of Raymond Effective Tutc

The Raymond Group is once again in the headlines, but this time the matter is not of the divorce or controversy of Chairman Gautam Singhania and his wife Nawaz Modi (Nawaj Modi), but of a big upset in management. In fact, last year, the issue of divorce of husband and wife was so hot that it was in discussion for a long time. Nawaz Modi had made several serious allegations including assault on Gautam Singhania and demanded a large share in his property. Now suddenly he has resigned from the post of Director in Raymond Board (Nawaj Modi Step Down).

Resignation became effective from March 19
According to the PTI report, Nawaz Modi Singhania, wife of Raymond Limited and MD Gautam Singhania, has separated from the board of Nawaj Modi Singhania and on Wednesday, a statement has been issued in this regard. A statement issued by Raymond LTD said that Nawaz Modi Singhania’s resignation from the post of Director of Company Board was announced and it has come into effect from March 19.

What did Nawaz see in his resignation?
According to the report, Gautam Singhania’s wife Nawaz Modi has written his resignation to the board that he was resigning from the post of Director of Raymond Limited for personal reasons. He also thanked the Board of Directors during his tenure for his support.

Let me tell you that earlier last year, when there was a strong controversy between husband and wife, Nawaz Modi was removed from the board of 3 private companies of Raymond. Now even though Nawaz Modi Singhania has resigned from the post of Director, she will still be included in Raymond’s promoter group. According to reports, he has 2,550 shares of the company, which costs more than Rs 35 lakh.

Divorce announcement, then this turn came into controversy
Let us know that Gautam Singhania and his wife Nawaz Modi started in Singhania from the year 2023 regarding divorce. In January 2024, this matter came to the fore between Gautam Singhania and Nawaz Modi. After this, there were many turns in the case and Nawaz Modi put a series of serious allegations on Gautam Singhania. He demanded 75% of the total assets of estimated $ 1.4 billion when he separated from Gautam Singhania.

How much property owner Gautam Singhania?
According to reports, Singhania has a total assets of about $ 1.4 billion, a large part of real estate holdings. At the same time, JK House in South Mumbai is his name, which is estimated to be around 6000 crores. It is a magnificent 30 -storey building.

A look at Raymond’s stock
It is necessary to take a look at the company’s stock amidst the increased movement in the Raymond Group. So let us know that on the fourth trading day of the week, Raymond Stock is trading with a slight rise on Thursday. However, if we look at its performance in the last year amidst the divorce case, then its price is still about 20 percent. Till the news was written, Raymond was seen trading at Rs 1417.60.