India, May 18 -- TVS Motor Company on Monday announced that it will acquire a 4.9% stake in Jana Small Finance Bank for around Rs 193.32 crore.
The investment forms part of a broader transaction by TVS VENU to acquire up to 9.9% equity ownership in the bank on a fully diluted basis through a mix of warrant subscription and secondary share purchase.
The company said its board has approved a Share Purchase Agreement with Jana Holdings for the acquisition of over 51.6 lakh equity shares, representing 4.9% of Jana Small Finance Bank's paid-up share capital as of May 18, 2026.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....