Two Reliance Group companies -- Reliance Infrastructure (RInfra) and Reliance Power (RPower) -- appear to not be in sync with their auditors over how they treat their capital and general reserves.
This, in turn, has helped the two companies to report either a lower loss or a higher profit in some cases. In the past four quarters, auditors to the two companies have drawn attention to seven such withdrawals and deposits made to these reserves, of which three were adjustments or withdrawals amounting to Rs 7,346 crore. "We have done withdrawal from general reserve/capital reserve ...
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