NEW DELHI: TVS VENU has agreed to acquire a minority stake of up to 9.9 per cent in Jana Small Finance Bank through a combination of primary issuance of warrants and secondary share purchase, subject to regulatory approvals and customary closing conditions.
The proposed investment includes a 4.9 per cent stake to be held by TVS Motor Company on a fully diluted basis.
Based on Jana Small Finance Bank’s current market capitalisation of around Rs 5,000-5,170 crore, the acquisition of a 9.9 per cent stake is estimated to be valued at roughly Rs 500-510 crore at prevailing market prices.
Shares of Jana Small Finance Bank were trading around Rs 466 on Monday, giving the lender a market capitalisation of over Rs 5,000 crore.
The move marks the latest expansion of TVS VENU’s financial services ambitions, adding to its presence through TVS Credit Services, which provides consumer and retail loans across India. The group had earlier signed definitive agreements to acquire 100 per cent stake in PGIM India Asset Management.
Jana Small Finance Bank has a strong presence in mass retail and MSME banking, with over 12 million customers, 822 outlets across 23 states and two Union Territories. As of March 31, 2026, the bank reported advances and deposits of more than Rs 35,000 crore each.
Commenting on the transaction, Sudarshan Venu said India’s financial services sector would be a key driver of the country’s economic growth and described the investment as aligned with TVS VENU’s long-term strategy of backing high-quality financial institutions.
“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 said.
Venu added that Jana Small Finance Bank had built a “credible banking franchise” with strong presence across customer segments linked to India’s credit, savings and investment growth.
He also acknowledged the role of investment firm TPG Capital in supporting Jana’s growth and welcomed new investors including S P Lohia and Shruti Lohia.
TVS VENU said the investment would enable long-term collaboration opportunities with Jana Small Finance Bank across multiple areas, subject to applicable laws.
TVS VENU operates across mobility, financial services, real estate and lifestyle sectors, with a presence in over 90 countries. The group reported revenue of around $6.5 billion in FY26 and employs over 64,000 people globally.
