Talwalkars Better Value Fitness surges on stake buys by Equity Intelligence

The stock surged 8% to Rs 215 on the National Stock Exchange.

Talwalkars acquires 50 % stake in Chennai-based yoga studio Zorba
SI Reporter Mumbai
Last Updated : Apr 06 2016 | 3:22 PM IST
Talwalkars Better Value Fitness has surged 8% to Rs 215 on the National Stock Exchange (NSE) after Equity Intelligence India [PMS] bought nearly one percentage point stake in the company through open market.

On Tuesday, Equity Intelligence India [PMS] bought 208,679 equity shares representing 0.7% of total paid up equity of the company at Rs 196.96 per share through a block deal, the NSE data shows.

Equity Intelligence is one of the leading portfolio managers in India.

The trading volumes on the counter more than doubled with a combined 802,014 equity shares changed hands on the NSE and BSE till 03:15 PM. The Nifty 50 index was up marginally by 0.05% at 7,607.
 

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 06 2016 | 3:17 PM IST

Next Story