UPL stock slumps 9.4% after KPMG resigns as auditor of its subsidiary

Shares of UPL, formerly United Phosphorus Ltd, crashed 9.4 per cent, after the auditor of its subsidiary resigned. “In order to re-organise the Audit Process to improve Productivity, at the request of the company, KPMG Mauritius has resigned as statutory auditors of UPL Corporation Limited, Mauritius,” the company said in a notice to the stock […]