In 5 Days Chandrababu Naidu’s Wife’s Wealth Reaches Rs 535 Cr, Son Gains 237 Cr

New Delhi: Heritage Foods, a company founded by Chandrababu Naidu made major gains after his party TDP’s winning performance in the Lok Sabha and Andhra assembly polls.

The shares of Heritage Foods soared up by 55 per cent in the last five days. With it, the wealth of Naidu’s wife, Nara Bhubaneshwari increased by Rs 535 crore. Naidu’s wife is a promoter in  Heritage Foods.

On June 3, before the declaration of election results, the stock of Heritage Food was trading at Rs 424. On Saturday, the  Heritage Foods share is priced Rs 661.25.

Chandrababu Naidu established Heritage Foods in 1992. Heritage’s milk and milk products are marketed in Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharashtra, Odisha, NCR Delhi, Haryana, Rajasthan, Uttarakhand and Uttar Pradesh.

Nara Bhuvaneshwari is the top shareholder of the company and holds 2,26,11,525 stocks, according to BSE data. Naidu’s son Nara Lokesh also holds 1,00,37,453 shares of Heritage Foods.

After the stock shot up, Lokesh’s net worth also rose by Rs 237.8 crore.