Talwalkars shares hit more than 13-month high on stake sale report

Shares in Talwalkars Better Value Fitness Ltd surge as much as 12.8 percent to 182.40 rupees, their highest in more than 13 months, after a business daily reported UK health and fitness group The David Lloyd is looking to buy around 20 percent in the company, citing two people familiar with the matter.

However, Talwalkars Chief Financial Officer Anant Gawande neither confirmed nor denied the stake sale talks. Gawande tells a business news channel that the company does not need capital.

Talwalkars officials were not immediately reachable by Reuters.

Talwalkars shares up 9.1 percent at 176.50 rupees as of 1:33 p.m.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Lower listings rate is proof that the Indian market is maturing

    The bullishness on Dalal Street notwithstanding, the pace at which new companies are being listed on Indian stock exchanges is declining.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Building great cities (and nations)

Fifteen to twenty years’ span is the time when humans ...

Rajgopal Nidamboor

The essence of amplified action

It is something that ‘separates’ us from other living creatures. ...

Shona Adhikari

All roads lead to Delhi, as it gears up for art fair

With the seventh edition of India Art Fair (IAF) coming ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture