TVS Motor Company Limited has informed the exchange about Acquisition
TVSMOTOR · price
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TVS Motor Company has approved the purchase of 51,60,903 equity shares (4.90%) in Jana Small Finance Bank Ltd from Jana Holdings Limited for a cash consideration of approximately INR 193.31 crore. The transaction is expected to complete within 3 months from May 18, 2026, subject to customary closing conditions. Jana Small Finance Bank is India's fourth largest Small Finance Bank by AUM and deposits, serving over 12 million customers across 822 outlets in 23 states. In FY 2025-26, Jana generated total income of INR 6,374.76 crore with a profit after tax of INR 326.43 crore. A related entity of TVS's promoter group (GWC Family Fund Investments) is separately subscribing to warrants that could raise total ownership up to 9.9% on a fully diluted basis.
This minority stake acquisition expands TVS Motor's financial services exposure beyond its existing NBFC operations (TVS Credit Services), giving insight into the banking ecosystem and potential for mutual collaboration. It is not a related party transaction and does not require governmental or regulatory approvals for TVS Motor's share purchase.