Talwalkars Better Value Fitness (TBVF) has soared 10% to Rs 172 on back of huge volumes. As many as a combined 428,925 shares representing 4.4% of free-float equity of the company have changed hands on the counter so far, against an average around 20,000 shares that were traded daily in past two weeks on both the exchanges.
TBVF, one of the largest fitness chain in India with a pan- India presence, has proposed to raise Rs 100 crore, either by way of offer for sale or a sponsored issue of securities or through a fresh issue of securities or in any combination thereof.
Last week, TBVF partnered with Miami-based Zumbia Fitness LLC, to launch the “exercise in disguise” programmes in India. The company plans to launch the Zumba® fitness programme in all the 68 cities and towns of India where it already has a presence in a phased manner--not only at its gyms across but also schools, auditoriums, halls, company locations and more.
