 "Gautam Hari Singhania, Chairman and Managing Director, Raymond Group")
In a rare case of a promoter wanting to defeat a resolution brought by his company, Raymond Chairman and Managing Director Gautam Hari Singhania said he would want to vote against the company's plan to sell off flats in a South Mumbai building at throwaway prices.
On Monday, Raymond shareholders will vote on the proposal to sell four duplex flats in JK House, located in Mumbai's posh Breach Candy road, to four Singhania family entities, including Gautam. The flats are proposed to be sold at Rs 9,200 per square feet, at a fraction of prevailing market rates.
"Needless to say,
