Telugu Rights of Raktha Charitra-1 was bought by Happy Movies owned by Chit tore MLA Chinna Vasudeva Reddy along with friends C.Kalyan and Raj Kumar. C.Kalyan is the president of south indian Film Chamber of Commerce.
The movie Raktha Charitra is based on a real story of Rayalaseema Faction between Paritala Ravi and Maddela Cheruvu Suri. The movie is said to be released on August 1st week.
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