Talwalkars Better Value Fitness reported a steady fourth quarter yesterday, topping off a year in which its revenues about 15 percent to Rs 258 crore while profit grew 20 percent to Rs 55 crore.
Equity Intelligence India [PMS] bought 2,08,679 (representing 0.7 percent of total paid up equity) of the company at Rs 196.96 apiece through a block deal on Tuesday.
"Talwalkars Better Value Fitness Ltd (TBVF) has entered into a Memorandum of Understanding (MoU) with Zorba - A Renaissance Studio, a chain of yoga studios having operations in Chennai. As per the terms of the MoU, TBVF shall acquire 50 percent stake in Zorba's rapidly growing Yoga Studios business," the company said in a BSE filing.