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% stake) in Jana Small Finance Bank Ltd from Jana Holdings Limited for INR 193.31 crore in cash. Jana Small Finance Bank is the fourth largest Small Finance Bank in India by AUM and deposits, serving over 12 million customers across 822 outlets in 23 states. For FY 2025-26, Jana reported total income of INR 6,374.76 crore with profit after tax of INR 326.43 crore. The transaction is expected to complete within 3 months, subject to customary closing conditions. This investment is part of TVS group's broader financial services strategy, complementing their existing presence through TVS Credit Services.
This minority stake acquisition expands TVS Motor's footprint in India's financial services sector beyond its core two-wheeler business, positioning the group to benefit from collaboration opportunities in banking and credit services.