Minor International Public Company Limited (SET:MINT) is considering an investment of about $350 million in Hotel Leelaventure Limited (BSE:500193) 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 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.