TVS Motor Company Limited has informed the Exchange regarding Outcome of Investment Committee Meeting of the Board of Directors held on May 18, 2026
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TVS Motor Company's Investment Committee has approved the purchase of 51,60,903 equity shares (4.90%) in Jana Small Finance Bank Ltd for INR 193.31 crore in cash. Jana Small Finance Bank is India's fourth largest Small Finance Bank by AUM and deposits as of March 31, 2026. The target generated total income of INR 6,374.76 crore and PAT of INR 326.43 crore in FY 2025-26, with a net worth of INR 4,215.50 crore. The acquisition is not a related party transaction, though a promoter group entity separately plans to subscribe to Jana's share warrants. The transaction is expected to close within 3 months, subject to customary conditions precedent under the SPA.
TVS Motor is diversifying into financial services by taking a minority stake in a leading small finance bank with 12 million customers and 822 outlets, signalling strategic expansion beyond its core two-wheeler business.