June 13, 2019 / 5:37 AM / 4 months ago

BUZZ-India's Reliance Capital hits 15-1/2-year low after co auditor resigns

** Shares of non-banking financial services company Reliance Capital Ltd slide as much as 6.2% to 82.6 rupees, their lowest since Nov 2003

** Co said observations by PricewaterhouseCoopers (PwC) of its fiscal accounts were “completely baseless and unjustified”

** Reliance Capital said on Tuesday that Price Waterhouse & Co Chartered Accountants LLP have resigned as one of its statutory auditors, co said in a statement here

** About 16.1 mln shares change hands, compared with the 30-day average of 22.1 mln shares

** As of last close, stock down 61.6% (Reporting by Harish Bhaskar in Bengaluru)

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