Heritage Foods stock was trading at ₹ 424 on June 3, hours before the election results were announced. Today, the Heritage Foods share is at ₹ 661.25.
SUMMARY : The reported surge in wealth for Chandrababu Naidu’s wife and son within a span of five days raises eyebrows due to its rapidity and substantial amount. Such a development can attract attention and scrutiny, given the potential implications for transparency and accountability. Without additional information or context, it’s difficult to draw definitive conclusions about the source or legitimacy of this wealth increase. However, it underscores the importance of transparency and accountability in public figures’ financial dealings to maintain public trust.
New Delhi:
A company founded by Chandrababu Naidu has made significant gains after his party TDP performed well in the Lok Sabha and Andhra assembly elections. The shares of Heritage Foods have zoomed up 55 per cent in the last five days, leading to a rise of ₹ 535 crore for Mr Naidu’s wife Nara Bhuvaneshwari, who is a promoter in the company.
The stock was trading at ₹ 424 on June 3, hours before the election results were announced. Today, the Heritage Foods share is at ₹ 661.25.
Chandrababu Naidu founded Heritage Foods in 1992. The company’s website describes it as “one of the fastest growing public-listed companies in India”. They have two business divisions – dairy and renewable energy. Currently, Heritage’s milk and milk products have a market presence in Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharashtra, Odisha, NCR Delhi, Haryana, Rajasthan, Uttarakhand and Uttar Pradesh.
