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Fitness One is looking at a PE infusion of around Rs 25 crore to fund its expansion. The Chennai-based company has been actively scouting for private equity in the last few months. The 75-outlet strong fitness chain is open to diluting 15-20% equity to fund growth, Fitness One promoter and MD Vivek Anand confirmed to ET. The chain hopes to add 30-40 outlets in the next 18 months, "three-fourths of which would be company-owned, with the rest being franchisee-run," he said.
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