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Dream11's auditor SR Batliboi & Co, an affiliate of EY, said the notices issued to the company by GST authorities seeking more than Rs 28,000 crore in past tax dues “may cast significant doubt on the groups ability to continue as a going concern”.
Digital payments major Paytm on Friday said it has narrowed losses to Rs 222 crore for the quarter ended December, from Rs 392 crore a year ago and Rs 290 crore in the preceding quarter.
The critical assessments based on inspections carried out—a first-of-its-kind exercise by NFRA—cover five firms: Price Waterhouse Chartered Accountants, Deloitte Haskins and Sells, BSR & Co., S.R. Batliboi & Co., and Walker Chandiok & Co.
The trusts are required to distribute a minimum of 90 percent of the NDCFs at the level of the trusts and at the level of the HoldCo/SPVs. The revised framework for both InvITs and REITs will become applicable from April 1, 2024
"Azure Power will need $700 million to deliver the next three power projects including 700 MW solar, 120 MW wind and 150 MW hybrid project," said a company spokesperson. "To deliver the projects by next financial year, Azure will have to bring in part equity and raise debt. The company is relying on several sources to meet the capital need."