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")
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.
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.
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First Published: Apr 06 2016 | 3:17 PM IST