Other Deals - Listed Firms
TVS Motor to acquire 5% stake in Jana Small Finance Bank for Rs.193.3-Cr
BSE Announcement Business Line
Chennai-headquartered TVS Motor Company is to acquire a 4.9% stake in Bengaluru-based, publicly listed Jana Small Finance Bank for INR 193.3 crore. The transaction involves the purchase of 51.6 lakh equity shares from Jana Holdings and is expected to conclude within three months. As part of a broader strategy, the TVS Venu Group plans to increase its ownership in the bank to 9.9% on a fully diluted basis through a combination of secondary market purchases and primary warrant subscriptions.Founded in 2006, Jana Small Finance Bank operates over 822 outlets across 23 states and two union territories. The bank reported a profit after tax of INR 326.4 crore on a total income of INR 6,374.8 crore for the 2026 fiscal year.The group intends to use this stake acquisition to support institutions operating within the digital financial ecosystem.
Between May 2007 and Aug 2022, Jana Small Finance Bank had attracted about $792-M from Lok Capital, Michael & Susan Dell Foundation, Bellwether, Tree Line Asia, TRG Global Private Equity, GAWA Microfinance Fund, India Financial Inclusion Fund, Morgan Stanley, Tata Capital Growth Fund, TPG Capital, British International Investment, IFC, HarbourVest, MEMG Family Office, Amansa Capital and others.For FY25, Jana Small Finance Bank had reported about Rs.4,710-Cr in Operating Income and about Rs.501-Cr in PAT.
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