SEBI bars Bombay Dyeing, Wadias from securities market, imposes ₹13.25 crore fine

Markets regulator SEBI has barred Bombay Dyeing and its promoters Nusli N Wadia, Ness Wadia and Jehangir Wadia from the securities market for two years for being involved in a fraudulent scheme of misrepresenting financial statements. The regulator has imposed a total monetary penalty of ₹13.25 crore on the company and the Wadias, directing them to pay within 45 days.