π₯ "Singhania-Modi Showdown: Daily Losses in Crores, Double Crisis for Gautam!" π₯
β Gautam Singhania's divorce announcement led to a 4.99% drop in Raymond stocks.
β Shares hit βΉ1,566.90, marking a 10-session, 17.65% continuous decline.
β Proxy advisory firm IiAS suggests independent directors safeguard the company from promoter disputes.
β Vijaypat Singhania, Gautam's father, supports daughter-in-law Nawaz Modi.
β IiAS recommends a thorough investigation into allegations amid concerns for Raymond investors.
β Advisory firm proposes distancing Singhania and Modi from the board and interim CEO appointment.
β Concerns rise among Raymond investors as stock prices plummet due to the ongoing dispute.
β IiAS emphasizes the seriousness of the accusations despite the silence from board members.
β Singhania-Modi divorce fallout affects Raymond's market value, raising investor apprehension.
β The aftermath of the divorce announcement continues with Nawaz seeking a significant share of Singhania's assets.