Talwalkars to acquire 50% stake in Chennai-based yoga chain Zorba

Industry:    January, 2016

NEW DELHI: Fitness chain Talwalkars Better Value Fitness Ltd today announced the acquisition of 50 per cent stake in Chennai-based yoga studios chain Zorba for an undisclosed sum. “Talwalkars Better Value Fitness Ltd (TBVF) has entered into a Memorandum of Understanding (MoU) with Zorba – A Renaissance Studio, a chain of yoga studios having operations in Chennai. As per the terms of the MoU, TBVF shall acquire 50 per cent stake in Zorba’s rapidly growing Yoga Studios business,” the co .. Read more at: http://economictimes.indiatimes.com/articleshow/50573618.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst