India's Atlanta Ltd hits lower limit as auditors resign

Atlantaa

31/05/2018 07:49

** Shares of construction company Atlanta Ltd  ATLT.NS  fall
as much as 19.98 pct to 51.25 rupees, their lower limit for
intraday trade 
    ** Price Waterhouse Chartered Accountants resigned as its
auditors on May 29, co said in a statement on Wednesday
 urn:newsml:reuters.com:*:nBSE9B6PhK
    ** Price Waterhouse had flagged concerns about lack of
available information, including receipt of income tax orders
    ** Co also postponed its scheduled board meeting for May 29
after two independent directors resigned
    ** Shares touch their lowest since Nov 2016
    ** More than 1.2 mln shares traded as of 0634 GMT, compared
with the 30-day moving avg of 106,152 shares
    ** Manpasand Beverages Ltd's  MANB.BO  auditors too resigned
earlier this week citing lack of information from the company
    ** Manpasand shares hit lower limit again, falling nearly 10
pct on Thursday

 ((Reuters Messaging:
tanvi.mehta.thomsonreuters.com@reuters.net))