From 50,000 Crore to 117 Crore: The Tragic Fall of Real Estate Giant HDIL

• HDIL, once a leading real estate company with a market cap of 50,000 crore rupees in 2008, now stands at a mere 117 crore rupees.
• Its share price plummeted from an all-time high of 1,113.74 rupees to a current 2.47 rupees, with a lowest recorded value of 1.25 rupees.
• The company's downfall was triggered by massive debt (8,138 crore rupees), incorrect financial decisions, and projects turning into Non-Performing Assets (NPAs) from 2011.
• Project delays, cancellation of the MIAL SRA project in 2013, mismanagement allegations, and involvement in the PMC Bank scam (4,355 crore rupees exposure) further exacerbated its crisis.
• Currently, HDIL is undergoing liquidation proceedings initiated by NCLT in 2019, leaving over 6,000 homebuyers and investors trapped.