Indian Hotels Aims To Reduce Debt Via Asset Monetisation
  • WebDesk BTVI
  • Aug 06 2019

Tata Group firm Indian Hotels Company (IHCL) on Monday reported a 60 per cent decline in net profit at Rs 4.98 crore for the June quarter. Speaking to BTVI, Giridhar Sanjeevi, Executive VP and CFO, IHCL, said the results were impacted by economic slowdown. He said the company's focus remains on driving up occupancy, and it aims to reduce net debt through asset monetisation going ahead. Here's more.