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HomeBusinessChandrababu Naidu's family is ₹1,225 crore richer in 12 days as Heritage...

Chandrababu Naidu’s family is ₹1,225 crore richer in 12 days as Heritage Foods shares double

The family of Chandrababu Naidu witnessed a major rise in wealth as Heritage Foods shares saw a surge of over 105% in just 12 trading sessions. His family’s fortune has increased 1,225 crore as Heritage Foods shares hit a fresh 52-week high of 727.9 on the BSE. The stock closed at 354.5 on May 23 and has seen a rally from June 3 to June 10. In the company, Chandrababu Naidu’s family has a holding of 35.71% which is 3,31,36,005 shares.

In Heritage Foods, Chandrababu Naidu’s family has a holding of 35.71% which is 3,31,36,005 shares.

Chandrababu Naidu’s son Nara Lokesh is a promoter of Heritage Foods and has a 10.82% stake as of March 31, 2024. Other promoters of the company include Chandrababu Naidu’s wife Bhuvaneshwari Nara and his grandchild Devaansh Nara who hold 24.37% and 0.06% stake, respectively. His daughter-in-law Nara Brahmani holds a 0.46% stake in Heritage Foods.

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Owing to the surge in Heritage Foods, Bhuvaneshwari Nara’s wealth stands at 1631.6 crore and Nara Lokesh earned 724.4 crore with which the cumulative wealth of the family from Heritage Foods now totals 2,391 crore.

Heritage Foods stock has seen a surge following Chandrababu Naidu’s win in the assembly elections in which he defeated YSRCP’s Jagan Mohan Reddy. The company is one of India’s leading value-added and branded dairy products companies and has a presence in the cattle feed business through its subsidiary, Heritage Nutrivet Limited (HNL). Its milk and milk products are consumed by more than 1.5 million households in 11 states across India.

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