NEW DELHI: Shares of Eveready Industries IndiaNSE -4.94 % (EIIL) cracked 5 per cent to hit lower circuit limit at Rs 76 in morning trade on Monday after Price Waterhouse & Co Chartered Accountants LLP resigned as auditor of the firm.
Price Waterhouse & Co Chartered Accountants LLP, a network firm of PwC India, has resigned as the auditor of EIIL citing few transactions relating to inter-company deposits.
ET reported, quoting sources, that PwC had sought details of certain deposits and questioned EIIL about how the company wishes to recover these.
EIIL on Saturday told the capital markets that Singhi & Co, Mumbai based audit firm, has replaced PwC as the auditor.
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