Chandrababu Naidu’s Wife Nara Bhuvneshwari’s Net Worth Skyrockets by Rs 579 Crore in Five Days

Chandrababu Naidu’s Wife Nara Bhuvneshwari’s Net Worth Skyrockets by Rs 579 Crore in Five Days

Hyderabad: In a stunning turn of events, the net worth of Nara Bhuvneshwari, the wife of former Andhra Pradesh Chief Minister N. Chandrababu Naidu, has witnessed a meteoric rise of Rs 579 crore in just five days, according to a report by DNA India.

Sources close to the family confirmed that Bhuvneshwari’s wealth has surged from Rs 706 crore to a staggering Rs 1,285 crore as of April 15, 2023. The reason behind this sudden surge is attributed to a massive acquisition of shares in a major infrastructure company.

According to the report, Bhuvneshwari purchased 59.96 lakh shares of GVK Power and Infrastructure Limited at a price of Rs 13.61 per share. The total value of this transaction amounted to Rs 819 crore.

Market experts believe that the sharp increase in Bhuvneshwari’s net worth indicates a bullish outlook for GVK Power and Infrastructure. The company’s stock price has been steadily rising in recent months, buoyed by positive news on its upcoming projects.

While the acquisition of GVK shares has significantly boosted Bhuvneshwari’s wealth, it is worth noting that she has been a successful businesswoman in her own right. She is the founder and chairperson of the NTR Memorial Trust, a non-profit organization focused on healthcare and education.

The sudden surge in Bhuvneshwari’s net worth has sparked speculation about the political implications. Her husband, Chandrababu Naidu, is a leading opposition figure in Andhra Pradesh and has been vocal in his criticism of the ruling YSRCP government.

However, sources close to the Naidu family have dismissed any suggestions of political maneuvering. They maintain that the acquisition of GVK shares was a purely business decision made by Bhuvneshwari herself.

The dramatic increase in Bhuvneshwari’s wealth has become a major talking point in Andhra Pradesh, with both supporters and detractors of the Naidu family offering their interpretations and opinions.

Keywords:

Chandrababu Naidu
Nara Bhuvneshwari
Net worth
GVK Power and Infrastructure
Shares
DNA India