Raymond's Gautam Singhania, estranged wife Nawaz Modi reach 'realistic' settlement
Raymond Group Chairman and Managing Director Gautam Singhania and his estranged wife Nawaz Modi are reportedly working toward a more "realistic" divorce settlement. This came after her initial demand for 75% of Singhania's net worth. The couple's lawyers reportedly presented a new proposal, with the settlement expected to be finalized soon. This comes as Raymond's shareholders and board of directors expressed concern over the impact of the public divorce and domestic violence allegations on the company's valuation and share prices.