The health and Fitness chain Talwalkars acquired 50 percent stake in Force Fitness.
Talwalkars share got a bull shot of over 3 per cent in intraday session on Wednesday as investors took the decision of stake acquisition in Force Fitness as a positive note.
Anant Gawande, CFO & Wholetime Director, Talwalkars, said, “The deal will reduce our cost of acquisition or setting up of gyms by 35-40 percent.
Talwalkars were setting up gyms chains across India for about Rs 2-3 crore each, now the company is moving towards lower CapEx model.
The number of gym chains of Talwalkars has been increasing so far from 150 gyms to now owning up to 260-280 gyms. The Acquisition of Force Fitness aims at expanding its footprint in the market where the Talwalkars have a brand name.
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