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Sebi finds Bombay Dyeing, Wadia family members guilty of financial misrepresentation

“… Noticees were allegedly involved in perpetrating a fraudulent scheme of misrepresentation of financials statements of BDMCL (Bombay Dyeing), that originated in FY 2011-12 and continued till FY 2018-19, with the merger of real estate business of Scal with BDMCL,” stated the 100-page long Sebi order issued late on Friday ....

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