Hotel Leela Hits Upper Circuit After After Thailand’s Minor Said To Mull Deal

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

Shares of Hotel Leela Venture hit an upper circuit of 20 percent, the most since February 2009, to Rs 20.

Trading volume was more than 40 times its 20-day average, according to Bloomberg data.