Billionaire Gautam Singhania's wife seeks 75% share in Rs 11,600 crore assets following divorce

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Billionaire Gautam Singhania and wife Nawaz Modi separation news | The divorce report of Indian billionaire Gautam Singhania and his wife Nawaz Modi Singhania has been in discussion for the past few days. Meanwhile, a report has claimed that billionaire Gautam Singhania's wife has made a big condition to end the relationship. They have demanded 75 percent of the property.

Nawaz Modi put this condition

According to a report, Nawaz Modi Singhania has demanded 75 percent of Gautam Singhania's assets. He said that this share will be for daughter Niharika, Nisha and himself. It is worth mentioning that for the last few days, the divorce of the wife of veteran businessman and billionaire Gautam Singhania has been discussed.

11620 crores of wealth is the owner

According to the report, Gautam Singhania has agreed to give 75 percent of his assets worth Rs 11,620 crore to his daughters and wife. He has asked to create a family trust to transfer these funds. Singhania will transfer the family's wealth and assets to this trust. However, the report cites sources as saying that Gautham wanted his family members to be allowed to bequeath assets after his death, which his wife Nawaz was not allowed to do.

When did the controversy surface?

It may be mentioned that Raymond Group Chairman Gautam Singhania has once again come into controversy regarding his wife. The matter came to light when Gautam Singhania hosted a Diwali party at his Raymond Estate in Thane near Mumbai on Diwali day, but his wife Nawaz Singhania did not get entry to the party.

announced the separation on 13th November

58-year-old Gautam Singhania married Nawaz Modi, daughter of solicitor Nadar Modi, in 1999. On November 13, Singhania posted an emotional post on the divorce debate. He said that both have decided to go their separate ways.

 

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