Taj Hotels to sell 10 properties to reduce debt, says CEO
Indian Hotels, which runs the Taj group of hotels, is planning to monetise around 10 properties in the next three years to bring down debt, CEO Puneet Chhatwal said. He added that the company would aim to retain a few of these properties through management contracts. Indian Hotels narrowed its second-quarter loss to â¹5 crore from â¹58 crore last year.