TVS Venu signs deal to buy 9.99% stake in Jana Small Finance Bank

TVS Venu has agreed to acquire a minority stake in Jana Small Finance Bank through a combination of primary issuance of warrants and a secondary purchase, according to a statement released on Monday.

The transaction could result in TVS Venu holding up to 9.9% equity stake in Jana Small Finance Bank on a fully diluted basis, including around 4.9% proposed to be held by TVS Motor Company, subject to regulatory approvals and closing conditions.

TVS Venu said the investment aligns with its long-term strategy of expanding its presence in India’s financial services sector. The group already operates in the lending business through TVS Credit Services, a non-banking financial company catering to consumer and retail customers across the country.

The company has also signed definitive agreements to acquire 10% stake in DFM India Asset Management, and said the Jana investment would support collaboration across various financial products over the long term.

Jana Small Finance Bank currently has operations focused on retail and MSME banking, with over 12 million customers, more than 820 banking outlets across 23 states and two Union Territories, and deposits exceeding ₹35,000 crore as of March 31, 2026.

Commenting on the development, Sudarshan Venu, Chairman of TVS Motor Company, said the group sees strong growth opportunities in India’s financial services ecosystem and believes Jana has built a credible banking franchise with nationwide presence.

The company added that the transaction will be completed after obtaining necessary approvals and fulfilment of customary closing conditions.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice.