Nusli Wadia, the chairman of Bombay Dyeing and Britannia Industries, has decided to give up the chairmanship of two smaller group companies, National Peroxide and Citurgia Biochemicals.
P V Kuppuswamy, executive director of Bombay Dyeing and the vice-chairman of both these companies, will take over from Wadia as the chairman.
Group sources said Wadia has decided to hand over the reins of these small companies as he has