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Jehangir&nbsp;Wadia&nbsp;has quit all the listed businesses of the Wadia&nbsp;Group after his latest resignation from the boards of Britannia Industries and Bombay Burmah&nbsp;Trading Corporation.
Jeh Wadia&rsquo;s departure is connected to differences with his father,&nbsp;Nusli Wadia, as per a Mint report.
In March, Jehangir&nbsp;resigned as the managing director of his&nbsp;family-controlled airline of Go Airlines, which has now been&nbsp;rebranded as Go First. He stepped down from Bombay Dyeing and Manufacturing Company as its managing director a month after.
Britannia&rsquo;s latest annual report last week said Jehangir (or Jeh in media reports) did not offer himself for reappointment to the board.&nbsp;
Bombay Burmah's annual report carries an identical notice that says a resolution will be brought before shareholders at its annual meeting.

Jeh Wadia quits boards of Britannia, Bombay Burmah months after stepping down from Go Air

Family drama continues, Jeh&nbsp;Wadia&nbsp;steps down from the board of Wadia&nbsp;Group Companies&nbsp;

Jehangir&nbsp;Wadia&nbsp;has quit all the listed businesses of the Wadia&nbsp;Group after his latest resignation from the boards of Britannia Industries and Bombay Burmah&nbsp;Trading Corporation.
Jeh Wadia&rsquo;s departure is connected to differences with his father,&nbsp;Nusli Wadia, as per a Mint report.
In March, Jehangir&nbsp;resigned as the managing director of his&nbsp;family-controlled airline of Go Airlines, which has now been&nbsp;rebranded as Go First. He stepped down from Bombay Dyeing and Manufacturing Company as its managing director a month after.
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Jehangir&nbsp;Wadia&nbsp;has quit all the listed businesses of the $15-billion&nbsp;Wadia&nbsp;Group

In a new twist in the Wadia&nbsp;Grooup&nbsp;Saga,&nbsp;Jeh&nbsp;Wadia&nbsp;has quit all the listed businesses of the Wadia&nbsp;Group after his latest resignation from the boards of Britannia Industries and Bombay Burmah&nbsp;Trading Corporation.
Jeh Wadia&rsquo;s departure is connected to differences with his father,&nbsp;Nusli Wadia, as per a Mint report.
In March, Jehangir&nbsp;resigned as the managing director of his&nbsp;family-controlled airline of Go Airlines, which has now been&nbsp;rebranded as Go First. He stepped down from Bombay Dyeing and Manufacturing Company as its managing director a month after.
Britannia&rsquo;s latest annual report last week said Jehangir (or Jeh in media reports) did not offer himself for reappointment to the board.&nbsp;
Bombay Burmah's annual report carries an identical notice that says a resolution will be brought before shareholders at its annual meeting.

Wadia&nbsp;Group backed GoAir has run into rough weather with SEBI&nbsp;as the market regulator has put on hold the IPO&nbsp;pending&nbsp;enquiry against Bombay Dyeing Manufacturing Company Ltd and its promoters, the Wadias.SEBI's website states it had sought clarifications from ICICI Sec&shy;urities, the lead banker for the pre-issue, on June 11. The issuance of observations on the airline&rsquo;s draft red herring prospectus has been kept in abeyance, it said.As per reports&nbsp;Bombay Dyeing&nbsp;and its promoters&nbsp; received a show cause notice from the regulator&rsquo;s Corporation Finance Investigation Department (CFID) in the first week of June for alleged irregularities.&nbsp;The Wadia-group owned airline was rebranded as Go First, filed papers last month to raise Rs 3,600 crore through an IPO.&nbsp;

SEBI halts GoAir IPO, what is the delay in take-off?

Why has SEBI&nbsp;grounded GoAir's Rs 3600 cr IPO?

Market regulator SEBI keeps approval to Go Air's Rs 3,600-crore IPO in abeyance.

<ul>
<li>SEBI&nbsp;puts GoAir's IPO&nbsp;on hold pending enquiry</li>
<li>Enquiry Pending against Bombay Dyeing and GoAir&nbsp;promoters,&nbsp;Wadias</li>
<li>SEBI: Sought clarification from lead banker on issue on June 11</li>
<li>Corporation Finance Investigation Department had sent show cause notice to Wadia&nbsp;Group: Reports</li>
<li>GoAir&nbsp;rebranded&nbsp;Go First looking to raise Rs 3600 cr via IPO</li>
</ul>

Market regulator&nbsp;keeps approval to GoAir's Rs 3,600-crore IPO in abeyance.&nbsp;Regulator sends show cause notice to Bombay Dyeing alleging irregularities.

Wadia&nbsp;Group backed GoAir has run into rough weather with SEBI&nbsp;as the market regulator has put on hold the IPO&nbsp;pending&nbsp;enquiry against Bombay Dyeing Manufacturing Company Ltd and its promoters, the Wadias. SEBI's website states it had sought clarifications from ICICI Sec&shy;urities, the lead banker for the pre-issue, on June 11. The issuance of observations on the airline&rsquo;s draft red herring prospectus has been kept in abeyance, it said. As per reports&nbsp;Bombay Dyeing&nbsp;and its promoters received a show cause notice from the regulator&rsquo;s Corporation Finance Investigation Department (CFID) in the first week of June for alleged irregularities.&nbsp; The Wadia-group owned airline was rebranded as Go First, filed papers last month to raise Rs 3,600 crore through an IPO.&nbsp;

Just as it filed it&rsquo;s papers for an IPO Wadia Group owned Go&nbsp;Air rebranded itself after 15 years of operations as "Go First&rdquo;.Go Airlines is looking to raise Rs 3600 cr &nbsp;and has filed a draft red herring prospectus (DRHP) for an initial public offer (IPO) &nbsp;through issuance of fresh equity shares.&nbsp;The Wadia group owns 73.33% in the carrier which had faced a loss of&nbsp;Rs 1,270 cr for the year ending March 30, 2021.&nbsp;Pandemic blues are continuing for this budget airline that has been total passengers carried in March fall by a whopping 47% vs February, this was steep in comparison to Indigo&rsquo;s 29% drop.&nbsp;Rebranding may not take Go Air's legacy issues and concerns away. with three CEO changes in just three years investors may need more safety instructions from the top brass before taking off with this IPO.

Go Air becomes “Go First”, files IPO papers 

Wadia group owned Go Air is looking to raise Rs 3600 cr via an IPO&nbsp;and is hoping rebranding&nbsp;will give a fresh coat of enthusiasm to investors as losses top Rs 1200 cr.&nbsp;

Just as it filed it&rsquo;s papers for an IPO Wadia Group owned Go&nbsp;Air rebranded itself after 15 years of operations as "Go First&rdquo;. Go Airlines is looking to raise Rs 3600 cr &nbsp;and has filed a draft red herring prospectus (DRHP) for an initial public offer (IPO) &nbsp;through issuance of fresh equity shares.&nbsp;The Wadia group owns 73.33% in the carrier which had faced a loss of&nbsp;Rs 1,270 cr for the year ending March 30, 2021.&nbsp; Pandemic blues are continuing for this budget airline that has been total passengers carried in March fall by a whopping 47% vs February, this was steep in comparison to Indigo&rsquo;s 29% drop.&nbsp; Rebranding may not take Go Air's legacy issues and concerns away. with three CEO changes in just three years investors may need more safety instructions from the top brass before taking off with this IPO.

wadia group

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