Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ELPROINTL · price
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Elpro International Ltd has acquired 92,000 equity shares of Jana Small Finance Bank Limited for a total cash consideration of INR 4.48 Crores. This is a fresh acquisition, and Elpro did not hold any shares in Jana SFB prior to this transaction. Jana Small Finance Bank is the 4th largest Small Finance Bank in India by both AUM and deposit size, with a standalone turnover of INR 6,374.77 Crores in FY 2025-26. The acquisition is categorized as an investment purpose and is not a related party transaction. Jana SFB serves nearly 12 million customers and operates entirely in India in the banking and financial services sector.
This is a relatively small strategic investment (INR 4.48 Crores) by Elpro into a large banking entity, and is unlikely to materially move the stock price. However, it signals the company's intent to diversify into financial services as an investment, which shareholders should monitor for any follow-on capital allocation moves.