Acquisitions18 May 2026, 12:14 pm
TVS Motor to Acquire 4.9% Stake in Jana Small Finance Bank
AI Summary
TVS Motor Company Ltd has approved the purchase of 51,60,903 equity shares, constituting 4.90% of the paid-up share capital of Jana Small Finance Bank Ltd, as of May 18, 2026, for ₹193,31,19,436.71. The acquisition is expected to be completed within 3 months, subject to customary conditions. Jana Small Finance Bank reported a total income of ₹6,374.76 crores and a profit after tax of ₹326.43 crores for FY 2025-26.
Key Highlights
- TVS Motor to acquire 4.90% stake in Jana Small Finance Bank.
- The acquisition cost is ₹193,31,19,436.71 in cash consideration.
- Jana Small Finance Bank's FY26 total income is ₹6,374.76 crores.
- The deal is expected to close within 3 months.
- GWC Family Fund may subscribe to Jana Small Finance Bank warrants.
Price Impact
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