Chandrababu Naidu's wife Nara Bhuvaneshwari earns Rs 579 crore in just 5 days from this stock

Chandrababu Naidu's wife Nara Bhuvaneshwari's Net Worth: The stock market experienced a significant crash following the Lok Sabha election results, yet it proved beneficial for Nara Bhuvaneshwari, the wife of politician Chandrababu Naidu. Chandrababu Naidu, a key player in the NDA government and a prominent businessman, saw his political career boosted as the TDP, in alliance with the Jana Sena Party and BJP, secured 16 Lok Sabha seats from Andhra Pradesh and emerged as the leader in the Assembly polls with 135 seats. This political success indirectly bolstered his business ventures.

Heritage Foods Shares Surge Post-Election

The shares of Heritage Foods saw a notable uptick in the five days following the announcement of the Lok Sabha results. Nara Bhuvaneshwari, who holds a 24.37 percent stake in the FMCG company, benefited immensely from this surge. Her net worth increased by Rs 579 crore in just five days, as the share price of Heritage Foods climbed significantly post-election.

Chandrababu Naidu's wife Nara Bhuvaneshwari earns Rs 579 crore in just 5 days from this stock | X.com

Key Promoter of Heritage Foods

Nara Bhuvaneshwari, a key promoter of Heritage Foods, holds 2,26,11,525 shares, accounting for 24.37 percent of the company's total paid-up capital. Following her husband N Chandrababu Naidu's political victories, the shares of Heritage Foods, a company she significantly influences, saw a substantial rise. This increase in share price boosted her net worth significantly.

Family Involvement in Heritage Foods

The involvement of the Naidu family in Heritage Foods extends beyond Bhuvaneshwari. Nara Lokesh, the son of Chandrababu Naidu, holds a 10.82 percent stake, while Nara Brahmani, the daughter-in-law, holds 0.46 percent. Grandson Deevansh Nara holds a 0.06 percent stake in the company

Wealth of Chandrababu Naidu and Family

The wealth of former Chief Minister N Chandrababu Naidu and his family has seen a 41 percent increase over the past five years, reaching a total of Rs 810.42 crore. Bhuvaneshwari owns the majority of the family's assets, with 2.26 crore shares of Heritage Foods valued at nearly Rs 764 crore, up from Rs 545.76 crore in 2019. She also possesses 3.4 kg of gold and 41.5 kg of silver.

Individual Assets and Liabilities

Chandrababu Naidu individually owns movable assets worth Rs 4.80 lakh and immovable assets worth Rs 36.31 lakh. The family's total liabilities exceed Rs 10 crore. Naidu also owns an Ambassador car valued at Rs 2.25 lakh. According to an affidavit submitted to the Election Commission, Naidu's name is associated with 24 FIRs across various cases.

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