Raymond patriarch Vijaypat Singhania on Tuesday ruled out reconciliation with his estranged son Gautam Singhania, whose social media post of a photo of them sparked speculations of resolving their differences.
On March 20, billionaire Gautam Singhnia posted a photo on the microblogging platform ‘X’ through his account @SinghaniaGautam with his father Vijaypath.
In 2015 when Vijaypat Singhania transferred all of his shares in Raymond, a 37.17 per cent stake worth around Rs 1,000 crore at that time, to Gautam but this was challenged by four of his grandchildren (children of Madhupati, Gautam's brother).
