Indian Hotels Co. Ltd, which runs Taj hotels, plans to monetize around 10 properties in the next three years as part of a larger plan to bring down its debt and fund its future growth, said a top executive. The Tata Group firm aims to reduce its consolidated debt by 30% in the next 18 months, mainly through asset monetization, Puneet Chhatwal, managing director and chief executive officer said in an interview.
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