TVS Venu To Acquire Up To 9.9% Stake In Jana Small Finance Bank

Sudarshan Venu-led 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 purchase, taking its total holding to up to 9.9% on a fully diluted basis. The transaction remains subject to regulatory approvals and customary closing conditions.

As part of the proposed transaction, TVS Motor Company will hold 4.9% equity stake in the bank. The investment marks an expansion of the group’s financial services presence, which currently includes TVS Credit Services and the recently announced acquisition of PGIM India Asset Management.

Jana Small Finance Bank operates in the retail and MSME banking segments, with a national network of 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 and a customer base exceeding 12 million.

Sudarshan Venu, chairman of TVS Motor Company, said the investment aligns with the group’s long-term approach towards financial services and digital finance. He also acknowledged the role of existing investor TPG Capital in building the bank and welcomed new investors, including S P Lohia and Shruti Lohia-backed 2i Capital PCC.

TVS Venu operates across mobility, financial services, real estate and lifestyle sectors, with a presence in over 90 countries. The group reported approximately USD 6.5 billion in FY26 revenue.