Billionaire Gautam Singhania Of Raymond’s Announces Separation From Wife

NEW DELHI, (IANS) – Gautam Singhania, Chairman and Managing Director of Raymond on November 13 issued a statement to announce separation from his wife, Nawaz Modi Singhania.

He posted, “This Diwali is not going to be the same as many in the past. 32 years of being together as a couple, growing as parents and always being a source of strength to each other… we traversed with commitment, resolve, faith as along came the two most beautiful additions of our lives.”

“It is my belief that Nawaz and I will pursue different paths from here on… I am parting ways with her while we continue to do what is best for our two precious diamonds Niharika and Nisa,” Singhania said in the post.

He added that there has been a lot of rumor mongering and gossip around his family “fanned by not so well wishers”.

Earlier media reports said that Nawaz Modi Singhania, wife of Gautam Singhania, was allegedly stopped from attending her husband’s Diwali party in Thane, last week.

Nawaz Modi Singhania reportedly recorded the video of the incident which has gone viral. In the video, Nawaz can be heard saying that she was standing outside JK Gram. Nawaz Modi Singhania alleged that she was invited for the party but now she was not allowed to enter the premises, as per media reports.

Singhania was in the news a couple of years ago over a feud with his father Vijaypat.