Gautam Singhania steps down as Raymond Apparel chairman: Report

Gautam Singhania has stepped down as the chairman of Raymond's branded apparel arm with a view to run the company more professionally.

Nirvik Singh will be replacing Singania, as a non-executive chairman, and the latter will continue to remain on the board of Raymond Apparel, an official statement said.

Anshu Sarin has joined the board of Raymond Apparel as a non-executive director, and Gautam Trivedi has joined the board as an independent director, it added.