Chandrababu family’s wealth increased by ₹858 crores in 5 days: Confidence increased after getting power in Andhra Pradesh and partnership in Modi government

Chandrababu Naidu family’s wealth has increased by Rs 858 crore in the last 5 days. According to media reports, this has happened due to a 55% jump in the shares of Heritage Foods during this period. The promoter of Heritage Foods is Nara Lokesh, son of party chief Chandra Babu Naidu. Chandrababu Naidu will take oath as the Chief Minister of Andhra Pradesh on June 12. Heritage Group was founded by Chandrababu Naidu in 1992. This company works in the dairy, retail and agri segment. TDP chief Chandrababu Naidu has performed brilliantly in the recently held Andhra Pradesh Assembly and Lok Sabha elections. This has increased investors’ confidence in his company. Chandra Babu Naidu’s wife has the highest stake in the company Chandrababu Naidu’s wife Bhuvaneshwari has a 24.37% stake in the company. While son Lokesh and daughter-in-law Brahmani have 10.82% and 0.46% stakes respectively. Naidu’s grandson Devansh has a 0.06% stake in it. That is, the total stake of Chandrababu Naidu’s family in the company is 35.71%. Heritage Foods share rose 10% on Friday On Friday, 7 June, the share of Heritage Foods closed at Rs 661.25 with a rise of 10%. While in the last 5 days, it has increased by 55%. On 4 June, the share of Heritage Foods was at Rs 455.45 which reached Rs 661.25 on 7 June. Market cap of Heritage Foods increased by more than Rs 2,400 crore While the market cap of Heritage Foods has increased by more than Rs 2,400 crore this week. The market cap of the company became Rs 6,136 crore on 7 June. It was Rs 3,700 crore a week ago. Chandrababu Naidu will take oath as Chief Minister on 12 June Telugu Desam Party (TDP) President N Chandrababu Naidu will take oath as the Chief Minister of Andhra Pradesh on 12 June. He is going to become the Chief Minister of the state for the fourth time. Earlier, he took oath as CM on 1 September 1995, 11 October 1999 and 8 June 2014. In 2019, YSRCP President Jagan Mohan Reddy won and snatched power from him. In this Lok Sabha election too, TDP has won 16 seats. TDP has extended its support to NDA. That means it will also be a part of the central government.

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