PWC quits as auditors of two Anil Ambani companies citing dispute over disclosures

Reliance Capital, Reliance Home Finance shares tumble

MUMBAI (NewsRise) -- The auditors of Anil Ambani's Reliance Capital and its unit resigned amid disputes with the managements over certain transactions, triggering concerns about the group'sdisclosure norms at a time when it struggles to repay debt.

Price Waterhouse & Co (PWC) resigned as the statutory auditor for Reliance Capital and unit Reliance Home Finance with effect from June 11, the companies said in separate statements to stock exchanges.

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