TVS Motor Company to Acquire 4.9% Stake in Jana Small Finance Bank

TVS Motor Company Ltd announced on Monday that it will purchase a 4.9 per cent stake in Jana Small Finance Bank Ltd for ₹193.32 crore. The acquisition is part of a larger deal by TVS VENU to secure a minority stake in the lender through a combination of primary warrant issuance and a secondary purchase, targeting an equity ownership of up to 9.9 per cent on a fully diluted basis — of which 4.9 per cent will be held by TVS Motor Company, the automaker disclosed in a regulatory filing.

The company's board, at its meeting on Monday, approved a Share Purchase Agreement (SPA) with Jana Holdings Ltd for the purchase of 51,60,903 equity shares, representing 4.90 per cent of Jana Small Finance Bank's paid-up share capital as of May 18, 2026. The total acquisition cost stands at ₹193.32 crore, news agency PTI reported.

TVS VENU functions as an institutional platform focused on building and scaling businesses across mobility, financial services, real estate, and lifestyle sectors. The company already has a footprint in Indian financial services through TVS Credit Services, a non-banking financial company providing consumer and retail loans.

TVS Motor Company said the acquisition aims to provide better insight into the banking ecosystem and enable mutual collaboration across various areas for the long-term benefit of Jana, subject to applicable laws. The deal is expected to close within three months from May 18.

TVS Motor Company Chairman Sudarshan Venu said, "This investment in Jana is aligned with TVS VENU's long-term approach to support high-quality institutions that serve India's growing financial needs and its expanding digital financial eco-system." He added that Jana Small Finance Bank has built a credible banking franchise with a strong presence across customer segments central to India's credit, savings, and investment growth.

Jana Small Finance Bank currently serves over 12 million customers through 822 outlets spanning 23 states and two Union Territories. As of March 31, 2026, the bank's advances and deposits each exceeded ₹35,000 crore, the filing noted.