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Talwalkars gains over 3% on decision to acquire Force Fitness India

Talwalkars gains over 3% on decision to acquire Force Fitness India

Wednesday, March 15, 2017, 11:04 AM

Shares of Talwalkars Better Value Fitness gained over 3% intraday on Wednesday as investors cheered its decision to acquire Force Fitness India, the holder of master franchisee of ‘Snap Fitness’ gyms. The health and fitness center chain signed a memorandum of understanding (MoU) to invest in 50.01% equity in Force Fitness Limited largely through injection of funds in Snap for growth.
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