Talwalkar stock up 1%; to acquire 51% stake in Inshape Health

The company said that it will buy 51% stake from promoters of Chennai-based Inshape Health and Fitnez Pvt. Ltd in an all-cash deal.

Talwalkars Better Value Fitness Ltd stock was up by 1% at Rs. 252. The company said that it will buy 51% stake from promoters of Chennai-based  Inshape Health and Fitnez Pvt. Ltd in an all-cash deal.

The scrip opened at Rs. 252.3 and has touched a high and low of Rs. 254.3 and Rs. 251.4 respectively. So far 18244(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 742.62 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 409.8 on 17-Mar-2015 and a 52 week low of Rs. 216 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 255.2 and Rs. 241.4 respectively.

The promoters holding in the company stood at 37.89 % while Institutions and Non-Institutions held 24.9 % and 37.2 % respectively.

The stock is currently trading below its 200 DMA.