Talwalkars Better Value Fitness is currently trading at Rs. 270.90, up by 6.00 points or 2.27% from its previous closing of Rs. 264.90 on the BSE.
The scrip opened at Rs. 264.10 and has touched a high and low of Rs. 275.00 and Rs. 264.10 respectively. So far 28,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 409.80 on 17-Mar-2015 and a 52 week low of Rs. 196.70 on 22-Oct-2014.
Last one week high and low of the scrip stood at Rs. 275.00 and Rs. 246.50 respectively. The current market cap of the company is Rs. 804.70 crore.
The promoters holding in the company stood at 37.87% while Institutions and Non-Institutions held 26.59% and 35.55% respectively.
Talwalkars Better Value Fitness (TBVF), one of India's largest fitness chains has entered into a strategic partnership with Power World Gyms (PWG), a leading health and fitness chain based in Colombo, Sri Lanka. PWG is the biggest health and fitness player in Sri Lanka providing Gym facilities to its members and has deep knowledge on the local market conditions. The partnership with PWG would enable TBVF to enter the rapidly growing post war market of Sri Lanka.
TBVF has acquired 49.5% of the total share capital of PWG in an all cash deal. The partnership combines PWG’s industry and market knowledge with TBVF’s expertise on managing health and fitness centers. This transaction marks the maiden global acquisition of TBVF through this acquisition in Sri Lanka.
Talwalkars Better Value Fitness is one of the largest fitness chains in India offering a diverse suite of services including gyms, spas, aerobics and health counseling under the brand ‘Talwalkars’.
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