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Talwalkars and David Lloyd Leisure announce intention to create 50:50 joint venture

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Capital Market
Last Updated : Jun 09 2015 | 7:13 PM IST

To develop leisure clubs in India

Talwalkars Better Value Fitness announced that the Company and David Llyod Leisure plan to create a 50:50 joint venture establishing and managing leisure clubs in India. Under the agreement, Talwalkars and David Llyod Leisure envisage developing seven to ten clubs across a number of cities in India over the next five to seven years. The agreement would involve a total investment in excess of Rs 500 crore

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First Published: Jun 09 2015 | 5:48 PM IST

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