The proposed bid includes a mix of equity and debt, the report said, adding that if the deal goes through, the consortium would end up acquiring a majority stake in the Mumbai-based hospitality firm.
Hotel Leela Venture runs a chain of hotels and resorts, with nine properties, across India, its FY18 annual report stated.
“Minor is always on the lookout for good investment opportunities, which includes Hotel Leela Venture. But nothing is set in stone. We are currently exploring the option,” Dillip Rajakarier, CEO of Minor’s hotel unit, told the wire.