To acquire 50% stake in Zorba's yoga studio business
Talwalkars Better Value Fitness announced that Talwalkars Better Value Fitness (TBVF), has entered into a Memorandum of Understanding (MOU) with Zorba - A Renaissance Studio (Zorba) a chain of yoga studios having operations in Chennai.As per the terms of the MOU, TBVF shall acquire 50% stake in Zorba's rapidly growing Yoga Studios business.
The investment into Zorba will enable TBVF to further strengthen its wellness and fitness offerings initially in the Chennai Market and also enable the Company to expand its yoga training activities across multiple locations of TBVF in India thereby benefiting TBVF's existing members.
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