Bengaluru, May 18 -- TVS Motor Company Chairman Sudarshan Venu-led TVS VENU will acquire up to 9.9 per cent stake in Jana Small Finance Bank through a mix of primary issuance of warrants and secondary share purchase, according to a company statement issued to exchanges.

As part of the transaction, TVS Motor Company will directly acquire 51,60,903 equity shares, representing 4.9 per cent of the paid-up share capital of Jana Small Finance Bank, for a cash consideration of Rs 193.31 crore.

The company informed stock exchanges that its Investment Committee approved the execution of a share purchase agreement with Jana Holdings Limited for the acquisition. The transaction is expected to be completed within three months, subject to customary ...