Hotel Leela zooms 73% in three days as Thailand's Minor eyes majority stake

The stock surged 20% to Rs 15.28 on the BSE, gaining 73% from Rs 8.85 on Friday.

Shares of Hotel Leela Venture surged 20% to Rs 15.28 on the BSE in intra-day trade on reports that a consortium, including Thailand’s Minor International, is considering an investment of about Rs 2.5 billion ($350 million) to acquire a majority stake in Indian hospitality firm.

The stock has zoomed 73% in past three trading days from Rs 8.85 on November 22, 2018. It touched a multi-year low of Rs 8.61 last Friday in intra-day trade on the BSE.

Till 10:22 am; the trading volumes on the counter jumped more than five-fold with a combined 7.06 million