- Nawaz Modi reveals Vijaypat Singhania’s support for her 50% wealth demand in divorce settlement.
- Modi insists on 25% share for herself and daughters, despite earlier reports of a 75% demand.
- Raymond Ltd’s market value saw a significant decline following news of Gautam Singhania’s divorce.
In the ongoing saga of Gautam Singhania’s divorce from Nawaz Modi, new details have emerged regarding the settlement discussions. Modi disclosed that her father-in-law, Vijaypat Singhania, endorsed her demand for a 50% share of the total wealth, but she insists on only taking 25%, with the remaining split between their two daughters.
Despite earlier reports suggesting Modi’s request for 75% of Singhania’s estimated $1.4 billion net worth, she clarified her stance, emphasizing her commitment to a fair distribution that includes provisions for their daughters’ futures. The publicized divorce and subsequent settlement talks have garnered significant attention, with allegations of assault and misuse of company funds adding to the complexity of the situation.
The dispute has also impacted Raymond Ltd’s market performance, with a notable decline in share value following the divorce news. However, the recent uptick in Raymond Ltd’s stock price signals potential stabilization amidst ongoing negotiations. As the legal proceedings continue, stakeholders closely monitor developments in the high-profile divorce case involving one of India’s leading business families.
