Thailand bidder plans overseas expansion for India's Hotel Leela
A consortium backed by Thai conglomerate Minor International is planning to expand Hotel Leelaventure's business in India, Asia and other parts of the world if its bid for the Indian hospitality firm is successful. The consortium has earmarked $100 million for growing the Mumbai-based hotel chain. The investor group is offering $350 million to take over the business of Leelaventure.