Thailand's Minor International mulls $350 million deal for Leela chain - Feedback

A consortium including Thailand’s Minor International Pcl is considering an investment of about $350 million in Indian hospitality firm Hotel Leelaventure Ltd., according to a person with knowledge of the matter.

The proposed bid, which is also backed by investment firm Trinity White City Ventures, includes a mix of equity and debt, the person said. The consortium would end up with a majority stake in Mumbai-based Hotel Leelaventure if the transaction proceeds, the person said, asking not to be identified because the information is private.
There’s no certainty the deliberations will lead to an agreement, the person said.

https://economictimes.indiatimes.com/articleshow/66781093.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *