Chandrababu Naidu’s wife Nara Bhuvaneshwari’s net worth has increased by Rs 579 crore in just five days.
Despite the massive drop in the stock market on Tuesday, Heritage Foods shares saw a spectacular rise for five consecutive days. Despite the biggest drop in the stock market after Covid-19 on the day of the Lok Sabha Elections 2024 results, the FMCG’s share price saw a rise and this was directly linked to the ownership structure of Heritage Foods Ltd.
Nara Bhuvaneshwari has a significant stake in the company, she owns around 24.37% stake, which is equivalent to 2,26,11,525 shares. Being one of the key promoters and having strong influence, it affected the share price. Moreover, as the wife of Chandrababu Naidu, whose party won a landslide victory in both the Lok Sabha and Assembly elections, the shares of the company linked to her acquaintance also surged.
