 "Ness Wadia")
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
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