Talwalkars to open 100 gyms in Sri Lanka, to invest Rs 100 cr

Fitness chain Talwalkars Better Value Fitness today said it will invest Rs 100 crore over the next three years to open 100 gyms across Sri Lanka.
"Over the next three years, the company plans to inaugurate some 100 gyms across the length and breadth of Sri Lanka, investing about a crore in the latest equipment and technology in each of the facilities," Talwalkars said in a BSE filing.
The company today announced opening of 10 gyms in Sri Lanka in collaboration with the Colombo-based Power World Gyms Ltd (PWG). In October last year, Talwalkars had picked up a 49.5 per cent stake in PWG for an undisclosed sum.

The stock of Talwalkars Better Value Fitness was trading at Rs 206.20, up 0.78 per cent, on BSE.