TVS VENU has agreed to acquire a minority stake in Jana Small Finance Bank through a combination of primary issuance of warrants and secondary share purchases.
The transaction will result in an equity ownership of up to 9.9% on a fully diluted basis, including 4.9% to be held by TVS Motor Company, subject to regulatory and customary approvals.
The investment marks TVS VENU’s latest expansion in India’s financial services sector, where the group already has a significant presence through TVS Credit Services. The company had also recently signed definitive agreements to acquire 100% stake in PGIM India Asset Management.
Jana Small Finance Bank currently serves over 12 million customers through 822 outlets across 23 states and two Union Territories. As of March 31, 2026, the bank reported advances and deposits exceeding Rs. 35,000 crore each.
Sudarshan Venu, Chairman of 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.”
He added that the investment aligns with TVS VENU’s long-term strategy to support institutions serving India’s growing credit, savings, and investment ecosystem.
The transaction is expected to close after receipt of necessary approvals and completion of customary conditions.