Talwalkars Better Value Fitness Limited has signed Memorandum of Understanding (MOU) to acquire 50.01% equity shares of Force Fitness India Private Limited (SNAP), India's third largest gym company and the exclusive master franchise in India of 'Snap Fitness Inc.'.
The authorized share capital of Force Fitness India Private Limited is Rs. 8,00,00,000 and the paid-up share capital is Rs. 4,10,01,040.
Shares of Talwalkars Better Value Fitness Ltd was last trading in BSE at Rs.227.25 as compared to the previous close of Rs. 220.7. The total number of shares traded during the day was 8316 in over 251 trades.
The stock hit an intraday high of Rs. 227.9 and intraday low of 222. The net turnover during the day was Rs. 1876296.