Talwalkars Better Value Fitness

Even as Talwalkar group firms are defaulting on interest payments, Talwalkars Health Clubs has been pumping money into newly incorporated firms with negligible operational income and no track record

Talwalkars Healthclubs and Talwalkars Better Value Fitness informed the stock exchanges that they have defaulted on interest payments

Talwalkars Healthclubs (Rs 41) and TBVFL (Rs 22) were down 5 per cent each on Thursday and have tanked 55 per cent since July 18.

The stock was up 6% to Rs 240 on the BSE in early morning trade

The stock was up 6.5% at Rs 208 on the NSE as compared to almost 1% decline in Nifty 50 index at 09:36 am.