TVS VENU has announced plans to acquire a minority stake in Jana Small Finance Bank as part of its broader strategy to expand across India’s growing financial ecosystem.
The proposed transaction will give TVS VENU ownership of up to 9.9% in the bank on a fully diluted basis, including a 4.9% holding by TVS Motor Company.
The investment will be made through a combination of primary warrant issuance and secondary share purchases.
Jana Small Finance Bank currently has advances and deposits exceeding Rs. 35,000 crore each and serves over 12 million customers through a network spanning 23 states and two Union Territories.
Sudarshan Venu, Chairman of TVS Motor Company, said, “Jana Small Finance Bank has built a credible banking franchise with a strong presence across customer segments central to India’s credit, savings, and investment growth.”
He also acknowledged TPG Capital’s role in supporting the bank’s growth and welcomed new investors including industrialist S P Lohia and Shruti Lohia through 2i Capital PCC.
TVS VENU said the investment is subject to all regulatory approvals and customary closing conditions.
