United Spirits on Tuesday said its shareholders have approved the appointment of Price Waterhouse, currently being probed for their role in Satyam scandal, as their statutory auditor.
At its ninth AGM held in Bangalore last month, the shareholders passed "unanimously" a resolution for the appointment of Price Waterhouse as "statutory auditors of the company to hold office from the conclusion of this AGM till the conclusion of the next AGM on a remuneration to be fixed by the board of directors," USL said in a regulatory filing.
