Gautam Singhania Divorce

Proxy advisory firm Institutional Investor Advisory Services (IiAS) has asked independent directors of Raymond Ltd to consider appointing an interim CEO and investigate the allegations of assault by its Chairman and MD Gautam Singhania.

Raymond Chairman and Managing Director Gautam Singhania assured employees and board members that it is "business as usual" in the company and that he is fully committed to its smooth functioning despite the trouble in his personal life.

Proxy advisory firm Institutional Investor Advisory Services (IiAS) has asked independent directors of Raymond Ltd to consider appointing an interim CEO and investigate the allegations of assault by its Chairman and MD Gautam Singhania.

Raymond Chairman and Managing Director Gautam Singhania assured employees and board members that it is "business as usual" in the company and that he is fully committed to its smooth functioning despite the trouble in his personal life.