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This has reference to our letter dated 26th March, 2018 whereby we informed you the cost of acquisition of Resulting Companys shares. In furtherance to that we would like to inform you that the Resulting Company presently named as Talwalkars Lifestyles Ltd is the Company to which the entire Gym business is transferred and the cost of acquisition of its share is 71.04%. The existing Company has retained all other businesses other than the Gym business and its cost is 28.96%. Once Talwalkars Lifestyles Ltd.(Gym Company) is listed, we will apply for change of name whereby Talwalkars Lifestyles Ltd will be renamed as Talwalkars Better Value Fitness Ltd. and presently listed company which is known as Talwalkars Better Value Fitness Ltd will be renamed as Talwalkars Lifestyles Ltd.
Source : BSE - www.bseindia.com
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