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Raymond's ind. directors vow to protect investors
Business Standard
|December 02, 2023
Independent directors of Raymond have appointed Berjis Desai, senior independent legal counsel, for advising the directors on the family feud between Chairman Gautam Singhania and his estranged wife Nawaz Modi.
In a statement, the independent directors have assured the stakeholders that they would act dispassionately and not take sides. Currently, there are five independent directors on the board. Desai has no links with the promoters or the company.
"The paramount consideration will always be the interests of the company as a whole and its non-promoter shareholders. Any material development or remedial measures, which impact the company, shall be forthwith communicated in a spirit of complete transparency," the directors said.
Diese Geschichte stammt aus der December 02, 2023-Ausgabe von Business Standard.
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