How Chandrababu Naidu's grandson Devansh became ₹1.7 crore richer at age 9
6 months, 1 week ago

How Chandrababu Naidu's grandson Devansh became ₹1.7 crore richer at age 9

Hindustan Times  

Telugu Desam Party chief N Chandrababu Naidu was sworn in as the Chief Minister of Andhra Pradesh for the fourth term today in a ceremony attended by Prime Minister Narendra Modi, Union Ministers Amit Shah, Nitin Gadkari and J P Nadda and Maharashtra Chief Minister Eknath Shinde. Chandrababu Naidu's fortunes surged after the recent Lok Sabha elections and the state assembly elections as the stock of Heritage Foods, the dairy firm promoted by his family, hit record highs. Heritage Foods stock doubled in 12 sessions resulting in a windfall for Chandrababu Naidu and his family which has a 35.7 per cent stake in the company. His wife Bhuvaneswari has 24.37 percent stake, son Lokesh has 10.82 percent stake, daughter-in-law Brahmani has 0.46 percent stake and his 9-year-old grandson Devansh has 0.06 percent stake in the company, as per exchange data.

History of this topic

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