Key Points
Price Waterhouse Chartered Accountants Llp (PwC) resigned as auditor of Paytm Payments Services Limited (PPSL) with effect from August 7, 2023, the company informed the exchanges on Monday.. "The Statutory Auditors have not raised any concern or issue..
The digital payments firm announced the appointment of S.R. Batliboi & Associates LLP as the Statutory Auditors of PPSL with immediate effect.. PWC was appointed as auditor for a period of five years, vis-a-vis from 2021-22 to 2025-26..
"Consequently, keeping in mind your understandable practice to align the auditor of PPSL, being a material subsidiary, with the auditor of the holding company in order to bring in synergies and maintain consistency in the audit process of the Group, we hereby tender our resignation as the Statutory Auditors of PPSL," PwC's resignation letter read...
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