Nara Lokesh declares assets worth Rs 320cr

  • | Saturday | 23rd March, 2019

Similarly, Brahmani has 2.02 lakh shares of HFL worth Rs 10,34,03,800.Moreover, he has immovable assets worth Rs 66.76 crore while his wife owns assets worth Rs 18.74 crore. Lokesh filed an affidavit of assets along with the nomination papers on Friday.In his affidavit, Lokesh has revealed that he has about Rs 253.68 crore worth immovable assets, Rs 66.76 crore worth movable assets and liabilities to the tune of Rs 5.72 crore. However, his wife Brahmani had an income of Rs 15.21 crore while his son Devansh Rs 18.82 lakh.Although Lokesh has shown immovable assets to the tune of Rs 253.68 crore, his wife and son have around Rs 14.40 crore Rs 3.88 crore worth immovable assets respectively. In addition to this, Brahmani also owns gold and diamond jewellery worth Rs 1.78 crore.He also owns two cars - Ford Fiesta and Toyota Fortuner worth Rs 50 lakh. His son Devansh also owns Rs 16.17 crore worth assets.

Amaravati: IT minister and TDP general secretary, Nara Lokesh joined the league of big billionaire public representatives from the state when he declared the total assets worth nearly Rs 320 crore. Lokesh filed an affidavit of assets along with the nomination papers on Friday.In his affidavit, Lokesh has revealed that he has about Rs 253.68 crore worth immovable assets, Rs 66.76 crore worth movable assets and liabilities to the tune of Rs 5.72 crore. Interestingly, Lokesh can be one of the cleanest among those who are contesting elections as he reported no criminal case pending against him. All the columns which needed to show the pending cases were left with either ‘Nil’ or ‘Not applicable’ in the affidavit.Lokesh, had shown an annual income of Rs 1.19 crore in his return filed with the I-T department during 2017-18. However, his wife Brahmani had an income of Rs 15.21 crore while his son Devansh Rs 18.82 lakh.Although Lokesh has shown immovable assets to the tune of Rs 253.68 crore, his wife and son have around Rs 14.40 crore Rs 3.88 crore worth immovable assets respectively. Most of their immovable assets are in the form of shares in the family-owned Heritage Foods Limited. Lokesh has 47,32,800 shares in HFL and with the value of each share in the listed firm-HFL is around Rs 511.90, the total value of shares owned by Lokesh ìs Rs 242,27,20,320. Similarly, Brahmani has 2.02 lakh shares of HFL worth Rs 10,34,03,800.Moreover, he has immovable assets worth Rs 66.76 crore while his wife owns assets worth Rs 18.74 crore. His son Devansh also owns Rs 16.17 crore worth assets. In addition to this, Brahmani also owns gold and diamond jewellery worth Rs 1.78 crore.He also owns two cars - Ford Fiesta and Toyota Fortuner worth Rs 50 lakh. The current market value of the bungalow jointly owned by Chandrababu Naidu and Lokesh in Jubilee Hills of Hyderabad has been put at Rs 19.55 crore. Interestingly, he holds just Rs 4,200 cash while his wife Brahmani has Rs 12,248.

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