Talwalkars Better Value Fitness (TBVF), one of India's largest fitness chains has entered into an agreement to acquire strategic stake in Inshape Health and Fitnez (IHPL), a health and fitness center having operations in Chennai. TBVF will acquire 51% the equity shares from the promoters of the company in an all cash deal.
The investment into IHPL will enable TBVF to further strengthen their presence in a fitness conscious Chennai Market. Through this investment TBVF jointly runs 8 gyms in chennai along with the Inshape Management. The partnership combines TBVF's strong hold in the fitness industry in India with IHPL's expertise in the local industry and market knowledge.
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’.
