Indian Hotels plans to sell 10 properties over next 3 years to cut debt

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.