YCP effect: TDP’s share value falls drastically

Tuesday, June 4th, 2019, 11:28:13 AM IST

It is already known that Heritage Foods Limited is owned and run by TDP chief Nara Chandrababu Naidu’s daughter-in-law Nara Bramhani.

Ever since YSRCP formed the government in Andhra Pradesh, the share value of Heritage has been falling down drastically.

On May 23rd, Heritage’s share value stood at Rs 480. Yesterday, its share value closed at Rs 393 and that pretty much sums up the situation.

YS Jagan Mohan Reddy claimed that Heritage Foods Limited made illegal investments near Amaravati region. Also, it is said that YCP government is willing to open Chittoor diary, which is located near Heritage’s headquarters, in the near future. These two aspects seem to be the main reasons behind Heritage’s downfall.