TVS VENU has agreed to acquire a minority stake in Jana Small Finance Bank Limited through a combination of primary issuance of warrants and a secondary purchase for an equity ownership of up to 9.9% on a fully diluted basis, including 4.9% to be owned by TVS Motor Company, subject to regulatory approvals.
The investment marks TVS VENU’s expansion in India’s financial services sector, where it already has a presence through TVS Credit Services. The group has also signed definitive agreements to acquire a 100% stake in PGIM India Asset Management.
Jana Small Finance Bank has a presence in mass retail and MSME banking, with over 12 million customers, 822 outlets across 23 states and two Union Territories, and advances and deposits exceeding Rs. 35,000 crore each as of March 31, 2026.
Sudarshan Venu, Chairman, TVS Motor Company said, “We firmly believe that a key driver to India’s growth is the strengthening and expansion of India’s financial services. We have been serving more than 44 million financial services customers across more than 100,000 touch points pan India, and are excited about the huge opportunity that the sector presents. 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, “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.”
The transaction is expected to be completed after receipt of necessary approvals and fulfilment of customary closing conditions.