RBI appoints advisory panel to assist R-Cap administrator

The members: Sanjeev Nautiyal, ex-deputy MD, SBI; Srinivasan Varadarajan, ex-deputy MD, Axis Bank, Praveen P. Kadle, ex-MD&CEO, Tata Capital

HDFC acquires 6.43 pc stake in Reliance Capital

The company acquired 25.27 crore shares of Rs 10 each, adding that the total value of these shares are Rs 252 crore

Reasons for withdrawal of the offer documents have not been disclosed.

The entire RNAM stake monetisation proceeds will be utilised to reduce Reliance Capital's outstanding debt.

The scrip tanked 11.32 per cent to Rs 27.80 -- its 52 week low -- on the BSE.

The proceeds will be utilised to reduce Reliance Capital's outstanding debt, the company statement said.

PWC put in its resignation, with effect from June 11, 2019, citing unsatisfactory response to "certain observations

The companies said they have also duly furnished all requisite and satisfactory details as required by PWC.

PWC has put in its resignation, with effect from June 11, citing unsatisfactory response to 'certain observations' made by it.

Both Reliance Capital and Reliance Home Finance said they do not agree with the reasons given by PWC.