Talwalkars Better Value Fitness is currently trading at Rs. 236.70, up by 9.45 points or 4.16% from its previous closing of Rs. 227.25 on the BSE.
The scrip opened at Rs. 231.10 and has touched a high and low of Rs. 239.80 and Rs. 230.80 respectively. So far 64304 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 302.05 on 03-Oct-2016 and a 52 week low of Rs. 182.00 on 29-Mar-2016.
Last one week high and low of the scrip stood at Rs. 239.80 and Rs. 220.00 respectively. The current market cap of the company is Rs. 691.08 crore.
The promoters holding in the company stood at 37.99%, while institutions and non-institutions held 21.86% and 40.15% respectively.
Talwalkars Better Value Fitness (TBVF), chain of health and fitness centers has signed an MoU to acquire equity shares of Force Fitness India (SNAP), India’s third largest gym company and the exclusive master franchisee in India of ‘Snap Fitness Inc.’. TBVF will invest 50.01% equity in SNAP largely through funds in SNAP for growth. Snap Fitness Inc is the world’s premier 24/7 fitness 2,000 clubs open or in development in 18 countries.
This will mark the most significant deal towards consolidation fragmented fitness industry in India and propel TBVF of undisputed market leadership with over 250 locations cities. Mumbai headquartered Financial Services group company Capital Square Advisors advised SNAP on the transaction.
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’.