Jana Holdings’ merger with Jana Capital gets NCLT nod

The National Company Law Tribunal (NCLT) has approved the amalgamation of Bengaluru-based Jana Holdings with Jana Capital . Both firms are part of the promoter group of publicly listed Jana Small Finance Bank.Jana Holdings, a wholly-owned subsidiary of Jana Capital was founded in 2016 to comply with regulatory guidelines for universal bank licensing. The company operates as a non-operative financial holding company. Following the amalgamation, Jana Holdings will be dissolved without winding up, and all its assets, liabilities, and rights will vest in Jana Capital, which will function as the sole promoter entity and a core investment company.