2008: Biggest Business House Failures

2008 is the year which brought changes, both at the political and economical front, but it also saw some of the biggest wealth meltdown. Reliance Anil Dhirubhai Ambani Group (RADAG) forayed into number of diverse businesses from Telecom, UMPP, Media erc. saw the stock prces of its flagship companies raised to greater heights during 206-2007 . The launch of RelPower IPO marked a history in Indian bourses, and maded him one of the richest man in the Indian soil just behind his elder brother Mukesh Ambani. But just after the IPO launch the Indian bourses faced a greater meltdown in history, and all companies pionered under ADAG groups suffered great losses, with some its companies lost more than 80% of its peak valuation price, thus making Anil Dhirubahi Ambani pauper by multi million dollars, thus also made him one of the biggest business house failure in recent time.

Thanks&Regards,
Mohit