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Wednesday, 21 September 2016 00:00

Chandrababu Naidu's product Heritage for sale

heritage fop sale heritage fop sale
One of the earliest ventures of AP CM Chandrababu Naidu i.e., Heritage Foods is for sale now. The company wants to sell a stake. The Future group of Kishore Biyani is involved in this deal.

There are discussions going on but there is no confirmation on this deal right now, as informed by Heritage Foods to BSE. Heritage started it's operations in 1992. Now Heritage Fresh is being operated with 110 super markets in Hyderabad, Chennai and Bangalore. One of the leading dialies' report made Heritage Foods to react on this. Heritage turnover was Rs 2380.58 crores in the last financial year.

 The share value of Heritage reached it's yearly high of about Rs 955.55. The Future group is acquiring the medium scale retail chains over the country. If Kishore Biyani, completes this deal, the deal would be the 4th one in the last four years. The future group, at present is being operated in 221 cities and serving over 29.5 crores customers.

 

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