Tuesday, December 15, 2015

Talwalkars to acquire majority stake in Chennai fitness firm IHPL

Talwalkars Better Value Fitness Ltd (TBVF) one of India’s largest fitness chains has entered into an agreement to acquire strategic stake in Inshape Health and Fitnez Private Ltd (IHPL), a health and fitness center having operations in Chennai.
  • Talwalkars to acquire 51 per cent equity shares from promoters of the company in an all cash deal.
About Talwalkars :
Talwalkars Better Value Fitness Ltd, popularly known as Talwalkars, is India’s largest chain of health clubs. It has 152 Health Clubs across 80 cities in India on a consolidated basis, with over 200,000 member.
  • Headquarters: Mumbai
  • CEO: Prashant Talwalkar

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