MUMBAI: Leading television software production house Balaji Telefilms has appointed Deloitte Haskins & Sells (DHS) as its auditor.

The Balaji board has already approved the appointment and all that remains is for its formalisation which is expected to go through at the company's AGM scheduled for 23 August, Ajay Patadia, company secretary told indiantelevision.com.

Balaji's auditing has been managed by Dinesh Shah, Chartered Accountants, till now. Also associated with Balaji on matters accounting have been Snehal & Associates. That association continues.

DHS is a member firm of Deloitte Touche Tohmatsu (DTT), one of the fastest growing “Big Five” professional services firms in the world.

Patadia also dismissed speculation in the industry that Balaji had offloaded more stake to a foreign fund in the last ten days.

It may be recalled that Balaji sold 10.11 per cent equity to some six foreign funds to improve liquidity in the stock on 29 April. The promoters' holding in Balaji post sale stood at 57.8 per cent post-sale.

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