Telugu Desam Party leader N Chandrababu Naidu was inaugurated as the Chief Minister of Andhra Pradesh for the fourth time today. The ceremony was attended by Prime Minister Narendra Modi, Union Ministers Amit Shah, Nitin Gadkari, and J P Nadda, as well as Maharashtra Chief Minister Eknath Shinde. Janasena leader and actor Pawan Kalyan, along with Nara Lokesh, the son of Chandrababu Naidu, and others, were sworn in as Ministers.
Chandrababu Naidu’s fortunes have risen following the recent Lok Sabha and state assembly elections, with the stock of Heritage Foods, the dairy company promoted by his family, reaching record highs. This surge coincides with the TDP becoming one of the key allies of the National Democratic Alliance 3.0 government.
Heritage Foods stock doubled in 12 sessions, resulting in a windfall for Chandrababu Naidu and his family, who hold a 35.7 percent stake in the company. According to exchange data, his wife Bhuvaneswari owns a 24.37 percent stake, his son Lokesh holds 10.82 percent, his daughter-in-law Brahmani has 0.46 percent, and his 9-year-old grandson Devansh owns 0.06 percent.
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Following the surge in the stock, Devansh’s 56,075 shares are now valued at ₹4.1 crore, up from ₹2.4 crore on June 3. Overall, the family earned ₹1,225 crore as Heritage Foods shares reached a new 52-week high of ₹727.9 on the BSE, hitting a 10% upper circuit. On May 23, the stock had closed at ₹354.5.
Founded in 1992, Heritage Foods is a leading producer of value-added and branded dairy products in India. Its product range includes curd, ghee, paneer, flavored milk, and immunity milk, among others. The company claims that its products are consumed by over 1.5 million households across 11 states in India.
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