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Shares of non-banking financial services company Reliance Capital Ltd slid as much as 6.2 per cent to Rs 82.6, their lowest since November 2003.
The company 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, the company said in a statement.
About 16.1 million shares changed hands, compared with the 30-day average of 22.1 million shares. As of the last close, the stock was down 61.6 per cent.
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