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Talwalkars Better Value Fitness gains on entering into MoU with ZORBA

Talwalkars Better Value Fitness Ltd. | Miscellaneous | Miscellaneous | BSE: 533200 | NSE: TALWALKARS

14 Jan 2016 Evaluate

Talwalkars Better Value Fitness is currently trading at Rs. 245.50, up by 1.20 points or 0.49% from its previous closing of Rs. 244.30 on the BSE.

The scrip opened at Rs. 235.20 and has touched a high and low of Rs. 248.00 and Rs. 234.00 respectively. So far 4,210 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. 216.00 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 265.00 and Rs. 233.20 respectively. The current market cap of the company is Rs. 729.25 crore.

The promoters holding in the company stood at 37.89% while Institutions and Non-Institutions held 24.90% and 37.20% respectively.

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 Zorba's 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 TBVF's existing members.

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’.

Talwalkars Better Share Price

1.45 0.00 (0.00%)

22-Mar-2021 18:01 View Price Chart

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Talwalkars Better Value Fitness gains on entering into MoU with ZORBA

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