Against sale of JK House to Raymond promoters, says Chairman
Ahead of Raymond's meeting to consider sale of JK House to its promoters and extended family, Chairman Gautam Singhania said his personal opinion would be to vote against the resolution. Earlier, proxy advisory firm IiAS had slammed the proposal saying Raymond's promoters were trying to buy the property at a 90% discount, which would result in a â¹650 crore loss.