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Wadia urges Sebi to take action against 3 Tata firms' directors

Alleges group firms made wrong declarations in annual reports

MD of Britannia Industries Limited Varun Berry (left) with Nusli Wadia, chairman, at the company's 98th annual general meeting in Kolkata. Photo: Subrata Majumder
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MD of Britannia Industries Limited Varun Berry (left) with Nusli Wadia, chairman, at the company's 98th annual general meeting in Kolkata. Photo: Subrata Majumder

Shrimi Choudhary Mumbai
Nusli Wadia, chairman of the Wadia group of companies, has urged the Securities and Exchange Board of India (Sebi) to take action against three independent directors of the Tata group companies who he alleges made wrong declarations in annual reports.
 
The persons he has named are Tata Steel independent directors Andrew Robb and Mallika Srinivasan and independent director on both Tata Chemicals and Tata Motors Nasser Munjee.
 
In the eight-page letter addressed to Sebi Chairman Ajay Tyagi, Wadia said the regulator had not adequately addressed issues raised by him in his previous complaint filed on January 6.