Moneycontrol News November 23, 2023
Raymond Group boss Gautam Singhania announced his split with wife Nawaz Modi Singhania. The couple were together for 32 years and have two daughters.
Nawaz Modi Singhania shared a video of her participating in a Diwali puja with her in-laws. "Ever blessed to have my in-laws' unstinted support, love, kindness, and help, at these and all times," the 53-year-old wrote.
A video showed Nawaz Modi Singhania saying she was stopped from entering their Thane property for a Diwali party organised by her husband. She alleged she was stopped at the gates.
Image credit: nawazbodyartmumbai/Instagram
Nawaz Modi Singhania alleged that Gautam Singhania assaulted her and their daughter on September 9. She said the fight began over the use of a bathroom at their home.
Gautam Singhania vowed legal action. In a statement, he said, "In the interest of my two beautiful daughters, I would like to maintain my family's dignity, and I will refrain from offering any comment.
Image credit: @gautamsinghania99/Instagram
The Gautam Singhania-Nawaz Modi separation uncertainty among investors. Raymond stock tumbled 12% since November 13 when the separation was announced, erasing more than $180 million in market value.