Talwalkars Better Value Fitness has informed that Talwalkars Better Value Fitness (TBVF), India’s largest fitness chains has entered into a Memorandum of Understanding (MOU) with Zorba - A Renaissance Studio (Zorba) a chain of yoga studios having operations in Chennai. As per the terms of the MOU, TBVF shall acquire 50% stake in Zorbas rapidly growing Yoga Studios business. The investment into Zorba will enable TBVF to further strengthen its wellness and fitness offerings initially in the Chennai Market and also enable the Company to expand its yoga training activities across multiple locations of TBVF in India thereby benefiting TBVFs existing members.
The above information is a part of company’s filings submitted to BSE.
