TVS Motor Company Limited has informed the Exchange about Acquisition
TVSMOTOR · price
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TVS Motor Company Limited has approved acquisition 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 deposit size as of March 2026. The target company reported total income of INR 6,374.76 crore and PAT of INR 326.43 crore for FY 2025-26. The deal is expected to complete within 3 months from May 18, 2026, subject to customary closing conditions. The broader TVS VENU platform aims for up to 9.9% equity ownership in Jana through this transaction.
This minority stake acquisition expands TVS Motor's presence in financial services beyond its existing NBFC operations. While the 4.90% stake is relatively small, it signals strategic intent to build a financial services ecosystem and may provide some diversification benefit to the automotive-focused group.