Wealth of Chandrababu Naidu's wife zooms Rs 535 crore in 5 days
Image credits: Chandrababu Naidu Twitter
Firm by Naidu made gains
A company founded by Chandrababu Naidu has made significant gains after his party TDP performed well in the Lok Sabha and Andhra assembly elections.
Image credits: Chandrababu Naidu Twitter
Heritage Foods
The shares of Heritage Foods have zoomed up 55% in the last five days, leading to a rise of Rs 579 crore for Naidu's wife Nara Bhuvaneshwari, who is a promoter in the company.
Image credits: Chandrababu Naidu Twitter
Stock rise
The stock was trading at Rs 424 on June 3, hours before the election results were announced. Today, the Heritage Foods share is at Rs 661.25.
Image credits: Chandrababu Naidu Twitter
When was it founded?
Chandrababu Naidu founded Heritage Foods in 1992. The company's website describes it as "one of the fastest growing public-listed companies in India".
Image credits: Chandrababu Naidu Twitter
Who is the top shareholder?
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.
Image credits: Chandrababu Naidu Twitter
Rise after Lok Sabha Results 2024
The meteoric rise began soon after the Lok Sabha election results. The TDP won 16 of the 17 seats it contested, and was instrumental in the NDA winning the elections.