Please find attached intimation regarding outcome of Board meeting
JSFB · price
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Jana Small Finance Bank's board has approved multiple capital-raising proposals. The bank will issue 1.56 crore warrants at Rs 464.82 per warrant to six investors, raising approximately Rs 728.51 crore. Major investors include GWC Family Fund Investments (TVS Venu group) getting 68.3 lakh warrants (5.64%), and 2I Capital PCC getting 55.25 lakh warrants (4.57%). Total equity dilution will be 12.95% on full conversion. Investors will pay 25% upfront (approx Rs 182 crore) and remaining 75% upon exercising warrants within 18 months. Additionally, the bank plans to raise up to Rs 500 crore through subordinated NCDs (Lower Tier II Capital) listed on BSE. An EGM is scheduled for 11 June 2026 to seek shareholder approval for these proposals.
This is a significant capital raise that will dilute existing shareholders by nearly 13% but strengthens the bank's capital adequacy and supports future growth. The TVS Venu group's entry via GWC Family Fund signals institutional confidence in the bank. The Rs 500 crore debt raise further supports Basel II compliance.