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Friday, April 11, 2014

PVP knocks TDP door for Vijayawada ticket
[Editor: PVP Ventures and Group of Companies is owned by Potluri Vara Prasad (PVP) who is into construction and contracting.
Investments: Rs.146.97 crore in Jagathi Publications--a company owned by Y S Jaganmohan Reddy and his father former CM Y S Rajasekhara Reddy. 
Returns: PVP Business Ventures allowed to buy 595 acres in Nadargul (Hyderabad) in Saroonagar mandal of Rangareddy district.
I aggressively bought the shares of PVP Ventures Ltd (Rs.5.78) for some of the clients for whom I do the trading, in their trading / demat accounts, as I strongly feel that the scrip is going to race past Rs.10, in the next few trading sessions
Prasad V. Potluri, CMD, PVP Ventures
Jan 24, 2014: Noted industrialist Potluri Vara Prasad (PVP) made a vain bid to get into the good books of TDP president N. Chandrababu Naidu with an eye on Vijayawada parliamentary constituency ticket recently, according to Telugu Desam Party sources.

Exactly a year after the new in-charge was named, an attempt was made for change of guard in the constituency.

A senior leader of Krishna district, sources said, accompanied Mr. Vara Prasad and introduced him to Mr. Naidu. The TDP chief welcomed him, but decided to show restraint and suggested him to look for some other constituency. Mr. Naidu told them that he found no valuable reason to replace the present in-charge, sources added.

Mr. Vara Prasad’s associates and well-wishers were said to have advised him to contest on TDP ticket in the wake of recent political developments like the possibility of the TDP aligning with the BJP.

The non-conducive situation in YSR Congress was another major reason behind Mr. Prasad approaching the TDP, sources said.

The TDP senior leader was learnt to have tried to garner the support of sitting MLAs from segments in Vijayawada Parliamentary constituency. They, however, politely declined to extend him any support.

The party leaders from East Krishna also expressed similar views and did not encourage the proposed replacement. He, however, managed to gather support of senior party leaders in Hyderabad and arranged a meeting with Mr. Naidu, which did not yield desired results.

It may be recalled that the party leadership zeroed in on Kesineni Srinivas (Nani) at a time it was searching for a candidate who could shoulder the expenses involved in the ‘Vastunna Meekosam’ padayatra of Mr. Naidu as well and not just election expenses.

The padayatra had changed the equations in the party a year ago.

Mr. Nani, a lateral entrant into the party, emerged as a successful contender for Vijayawada Lok Sabha ticket. It marred the prospects of former TDP Urban president Vallabhaneni Vamsi.

Sitting MLAs decline to support the PVP candidature.

Source: The Hindu Business Line