In the nine months ending December 2023, the country s biggest share market investor showed dissent in around 2% of the board proposals it had to decide on as a shareholder.
India s Wadia Group has survived British colonial rule and fierce business rivalries to create an empire that spans industries, from aviation and real estate to retail, healthcare, engineering and. | May 4, 2023
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Sebi, in its order, barred 10 entities, including Bombay Dyeing and its promoters Nusli N Wadia, Ness Wadia and Jehangir Wadia from the securities markets for up to two years and levied a fine totalling ₹15.75 crore on them for involving in fraudulent scheme of misrepresenting the company s financial statements.
In a statement issued on Saturday, a company spokesperson said that the company will be exercising its statutory right to appeal this order and believes it would get justice and stand vindicated.