SEBI restrains Nusli Wadia, sons from share market for 2 yrs

SEBI’s whole time member Anant Barua has also imposed penalties of ₹5 crore on Jehangir Wadia, ₹4 crore each on BDMCL and Nusli Wadia, and ₹2 crore on Ness Wadia for deliberate misrepresentation of financial statements of BDMCL between 2011-12 and 2017-18.