On 13 November, Gautam Singhania announced separation from wife Nawaz Modi following which there have been reports of Modi asking for 75 per cent of the industrialist’s wealth as part of the divorce settlement.
Gautam Singhania-Nawaz Modi separation: “We believe that any settlement between the two promoters cannot mean that such behaviour, unless the investigation shows otherwise, be condoned,” proxy advisory firm IiAS stated.