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 Singhania, 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.
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