18 Mar 2013

DLF & RCOM losers in market cap

MUMBAI: India's largest real estate firm DLF and companies belonging to the Reliance Group led by Reliance Communications (RCOM) topped a list of local firms whose market value has eroded the most over the last five years in a sharp slide from of the peak of 2008. And the reason? Over-leveraging, changes in government policies, aggressive overseas acquisitions and governance issues.