Fall of India's Biggest Wealth Creators

2. Reliance Communications
MCap (Beginning 2008): 1,52,786.92 (1.52 trillion)
Current MCap: 13,395.49 crore (133.95 billion)
Change: -91.2 Percent

Reliance Communications was severely hit when the company cut tariff rates a few years ago to beat the market competition. But unfortunately the plan backfired and the company started to slide. Moreover recently with a weak rupee the company’s huge foreign currency debt has been a drag.

3. Sterlite Industries
MCap (Beginning 2008): 73,255.36 crore (732.55 billion)
Current MCap : 33,931.31 crore (339.31 billion)
Change: -53.7 Percent

Sterlite Industries is a subsidiary of Vedanta Resources plc, a diversified and integrated metals and mining group. The market capitalization of the company slipped from 73,255.36 crore in 2008 to 33,931.31 crore. The change is calculated at negative 53.7 percent.

Sterlite Industries is a public company traded under the ticker NYSE in the form of ADS (American Depositary Shares) since 2007.

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