Police have arrested two persons with Ambergris, commonly known as whale vomit, worth Rs 1 crore on Ghodbunder Road in Thane district of Maharashtra, informed local police on Saturday.

"Acting on a tip-off, police arrested Sushant Behera (32), a property agent from Cuttack district of Odisha and Manoj Sharma (40), a resident of Uttar Pradesh's Varanasi on Friday evening," said a police official.