Talwalkars raise holding in JV firms

Veteran value investor and academician Shivanand Mankekar-backed fitness company Talwalkars Better Value Fitness Ltd has raised its holding in Denovo Enterprises and Aspire Fitness Private Limited to make them its subsidiaries.

January 13, 2011 / 18:24 IST

Veteran value investor and academician Shivanand Mankekar-backed fitness company Talwalkars Better Value Fitness Ltd has raised its holding in Denovo Enterprises and Aspire Fitness Private Limited to make them its subsidiaries. This is part of its strategy of making all joint ventures and associates of the company a part of the firm i.e, owning over 50% stake that allows it to consolidated their earnings with itself.

In both the companies, Talwalkars held 50% stake. While Aspire was incorporated as a 50:50 JV along with Life Fitness India Pvt Ltd, Denovo was a company running Talwalkars branded fitness outlets as a franchisee.

For the year ended March

first published: Jan 13, 2011 05:40 pm

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