Nawaz Modi Singhania Removed From Boards Of 3 Raymond Cos | CNBC TV18

The battle between Raymond Managing Director and Chairman of Raymond Group Gautam Singhania and his wife Nawaz Modi Singhania has now reached the board room.

Nawaz Modi Singhania who was a board director of JK Investors, Smart advisory-finserve and Raymond Consumer Care Ltd (RCCL), has now been removed from her position in these three companies.

Nawaz Modi Singhania reached Raymond's South Mumbai office on Thursday morning (April 25). Nawaz said she was there to attend extraordinary general meetings of JK Investors and Smart advisory-finserve.

Nawaz Modi Singhania told CNBC-TV 18, "I was on the board of JK Investors, Raymond Consumer Care Ltd and Smart advisory-finserve companies. Today's meeting's agenda was to remove me from the board as the promoter and major shareholder Gautam Singhania has lost confidence in me."

#raymondfamilyfeud #raymondboard #gautamsinghania #nawazmodi #raymonddivorcebattle #IiAS #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday