Gautam Singhania's estranged wife was removed from the board of JK Investors, Smart advisory-finserve and Raymond Consumer Care
Vijaypat Singhania, who stepped down as Raymond Group chairman in 2015, has denied rumours of reconciliation with his son Gautam Singhania.
In an internal email accessed by CNBC-TV18, the business tycoon of the textile company wrote that he remains resolute as the Chairman and Managing Director and is fully committed towards the smooth functioning of the company and its business.
Vijaypat Singhania's troubles started after he handed over his 37-per cent controlling stake in Raymond to son Gautam Singhania.
The rift between Gautam Singhania and Nawaz Modi came into public view when videos of the latter being denied entry to a company Diwali party went viral.
'Here on Diwali doing pujas followed by dinner with them at their apartment,' Raymond chairman Gautam Singhania's wife Nawaz Modi Singhania wrote sharing a video on social media.
Raymond boss Gautam Singhania said he has separated from his wife Nawaz Modi Singhania, in an announcement that comes amid speculation over the future of the 32-year relationship.
Gautam Singhania's wife Nawaz Modi Singhania was seen sitting on the road by the gate of their property in Thane when refused entry. There was a walking stick by her side.
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