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Sebi-Wadia group firms resolve issue related to non-disclosure of arrest

Britannia Industries, the Bombay Dyeing and Manufacturing Company and the National Peroxide agreed to pay Rs 23.4 lakh as settlement charges to Sebi

Ness Wadia
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Wadia is the promoter and non-executive director on the board of all the three companies| File photo: PTI

BS Reporter Mumbai
The three listed companies of the Wadia group on Wednesday settled a matter with market regulator Securities and Exchange Board of India (Sebi) related to the non-disclosure of scion Ness Wadia’s arrest in Japan.

Britannia Industries, the Bombay Dyeing and Manufacturing Company and the National Peroxide  agreed to pay Rs 23.4 lakh as settlement charges to Sebi.

Wadia is the promoter and non-executive director on the board of all the three companies.
“It is observed that the applicant was arrested in New Chitose Airport