Rs 1 lakh capital, zero employees, Rs 200 cr land: KTR questions Tesseract deal
Hyderabad, Aug. 11 -- Bharat Rashtra Samithi (BRS) working president KT Rama Rao on Tuesday demanded a comprehensive probe into the allotment of nearly five acres of government land, valued at around Rs 200 crore, to Tesseract Advanced Systems, a company linked to Chief Minister Revanth Reddy's brother, Anumula Kondal Reddy.
Addressing a press conference at the BRS headquarters in Hyderabad, KTR questioned how a company with a paid-up capital of just Rs 1 lakh and zero employees could be allotted such a valuable parcel of government land, according to a release.
He claimed that Tesseract had zero employees as of March 31, 2025, while its paid-up capital stood at just Rs 1 lakh. The nearly five-acre parcel, valued at around Rs 200 crore,...
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