Talwalkars says JV to acquire salon chain

Newswire

MUMBAI, Aug 19 (Reuters) - Fitness chain Talwalkars Better Value Fitness Ltd said on Thursday its 50:50 joint venture with Pantaloon Retail Ltd's will acquire 'Star and Sitara,' a beauty and hair salon chain. The joint venture firm Talwalkars Pantaloon Fitness Pvt Ltd (TPFP) will issue additional equity to acquire the firm and Talwalkars share in the joint venture will fall below 10 percent post the transaction, the firm said in a statement to the exchange. The board of TPFP approved the ...

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