 "Talwalkars Better Value Fitness at 52-week high on stake sale buzz")
Talwalkars Better Value Fitness has surged 12% to Rs 178 on media reports that UK’s health and fitness group The David Lloyd eyes minority stake in the company.
The stock opened at Rs 167 and touched a 52-week high of Rs 182 on the BSE. The counter has seen huge trading activity with a combined 449,000 shares changing hands in early morning deals. Average sub 100,000 shares were traded daily in past two weeks on the BSE and NSE.
UK's health and fitness group The David Lloyd has begun talks with the management of Talwalkars Better Value Fitness to acquire around 20% stake in the company, the Economic Times report suggests.
In 2012, the company has entered into an agreement with David Lloyd Leisure Limited for consulting, execution, management and operations of leisure and sports clubs in India.
David Lloyd Leisure Limited, which started its operations in 1982, is Europe's leading premium sports, health and leisure group.
The stock opened at Rs 167 and touched a 52-week high of Rs 182 on the BSE. The counter has seen huge trading activity with a combined 449,000 shares changing hands in early morning deals. Average sub 100,000 shares were traded daily in past two weeks on the BSE and NSE.
UK's health and fitness group The David Lloyd has begun talks with the management of Talwalkars Better Value Fitness to acquire around 20% stake in the company, the Economic Times report suggests.
In 2012, the company has entered into an agreement with David Lloyd Leisure Limited for consulting, execution, management and operations of leisure and sports clubs in India.
David Lloyd Leisure Limited, which started its operations in 1982, is Europe's leading premium sports, health and leisure group.