TVS Motor Company has secured approval for execution of share purchase agreement (SPA) between the company and the Jana Holdings (seller) to acquire 51,60,903 equity shares constituting 4.90% of the paid-up share capital of Jana Small Finance Bank (Target company). The Investment Committee of the Board of Directors of the company at its meeting held on May 18, 2026 has approved the same. The acquisition is aimed at providing better insight of the banking ecosystem and allowing for mutual collaboration in various areas for the long-term success of Jana Small Finance Bank. The cost of acquisition of 4.90% stake is around Rs 193.31 crore and the acquisition is expected to be completed within 3 months from May 18, 2026.
Jana Small Finance Bank is the fourth largest Small Finance Bank in terms of AUM and deposit size as of March 31, 2026.
Besides, GWC Family Fund Investments Pte., a body corporate controlled by a member of the promoter group of the company, has proposed to subscribe to an aggregate of 68,29,909 share warrants of Jana Small Finance Bank, subject to inter alia receipt of applicable approvals, including the approval of the Reserve Bank of India.
TVS Motor Company is a two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia.
