TVS Motor Company Limited (BSE:532343) agreed to acquire 4.90% stake in Jana Small Finance Bank Limited (NSEI:JSFB) from Jana Holdings Limited for INR 1.9 billion on May 18, 2026.
The expected completion of the transaction is May 18, 2026 to August 18, 2026. Ayush Katyayana, Nisha Nahata, Aditya Prasad and Kritika Dobhal of Cyril Amarchand Mangaldas acted as legal advisor to Jana Holdings Limited.
Jana Small Finance Bank Limited is an India-based small finance bank, which provides a range of banking and financial services to individuals and enterprises. Its segments include Treasury, which consists of the investment portfolio of the Bank; Corporate/Wholesale Banking, which includes all advances to companies and statutory bodies; Retail Banking, which serves retail customers through a branch network, and Other Banking Operations. The Company’s products and services include savings accounts, current accounts, deposits, loans, cards, online banking, payments, and insurance. Its loan services include home loan, group loan, business loan for individuals, Agri individual loan, gold loan, and two-wheeler loan. Its online banking services include mobile banking, Internet banking, and corporate Internet banking. Its savings account services include select savings account, silver select account, and savings plus. The Company has approximately 802 banking outlets.
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