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What is Taj Hotel about?

Taj Hotel, controlled by Tata Group, is planning to reduce its debt by selling certain budget inns and focusing on management contracts instead of owning new properties, amidst a consumer spending slump in India. The company aims to decrease its property ownership from 70% to 50% by 2022 and has already reduced its net debt significantly over the past two years. These measures are part of a broader strategy by Tata Group to streamline operations across its various subsidiaries.

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copying74

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EN