Moolah Matters: Chandrababu Naidu's Wife Gets Richer By Rs 535 Crore In 5 Days, Son Gains Big Too
The recent increase in Heritage Foods' stock value is linked to TDP's remarkable performance in the Lok Sabha and Andhra Pradesh Assembly elections.
The stock price of Heritage Foods has jumped from Rs 424 on June 3 to Rs 661.25, a 55% hike in over five days. This increase has significantly boosted the net worth of Nara Bhuvaneshwari, a promoter at Heritage Foods and wife of TDP chief Chandrababu Naidu, by Rs 535 crore.
Additionally, the shares held by their son, Nara Lokesh, have seen a notable rise, increasing his net worth by Rs 237.8 crore.
Heritage Foods, established in 1992 by Chandrababu Naidu, is a rapidly growing public-listed company with operations in dairy and renewable energy.
The company has a market presence in several Indian states, including Andhra Pradesh, Telangana, Maharashtra, Karnataka, Tamil Nadu, Kerala, Odisha, Delhi-NCR, Haryana, Uttarakhand, Rajasthan, and Uttar Pradesh.
According to BSE data, Bhuvaneshwari owns 2,26,11,525 shares, while Lokesh holds 1,00,37,453 shares in the company.
The stock's surge began after the TDP's impressive performance in the elections.
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