Blackstone It Isn’t

Linking a big private equity investor with a company is the surest way to create excitement in an outrageous bull market. That is exactly what seems to have happened with Hotel Leela Venture. On 5th November, The Times of India (TOI) reported that Blackstone may pump in a billion dollars to fund Leela’s expansion plan. It quoted the Leela group chairman, Capt. C.P. Nair,...