Talwalkars to acquire 50% stake in Chennai-based yoga chain Zorba
New Delhi : Fitness chain Talwalkars Better Value Fitness Ltd announced the acquisition of 50 per cent stake in Chennai-based yoga studios chain Zorba for an undisclosed sum."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...
Login or Register to read the full article
New Delhi : Fitness chain Talwalkars Better Value Fitness Ltd announced the acquisition of 50 per cent stake in Chennai-based yoga studios chain Zorba for an undisclosed sum.
"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 per cent stake in Zorba's rapidly growing Yoga Studios business," the company said in a BSE filing.
It further said, "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 in India thereby benefiting TBVF's existing members."
In November, Talwalkars acquired majority stake in another Chennai-based fitness firm Inshape Health and Fitnez Pvt Ltd (IHPL) in an all-cash deal for an undisclosed sum. IHPL operates three gyms in Chennai.
"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 per cent stake in Zorba's rapidly growing Yoga Studios business," the company said in a BSE filing.
It further said, "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 in India thereby benefiting TBVF's existing members."
In November, Talwalkars acquired majority stake in another Chennai-based fitness firm Inshape Health and Fitnez Pvt Ltd (IHPL) in an all-cash deal for an undisclosed sum. IHPL operates three gyms in Chennai.
Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .
Disclaimer: This site is primarily intended for healthcare professionals. Any content/information on this website does not replace the advice of medical and/or health professionals and should not be construed as medical/diagnostic advice/endorsement/treatment or prescription. Use of this site is subject to our terms of use, privacy policy, advertisement policy. © 2024 Minerva Medical Treatment Pvt Ltd