TVS Motor Company will acquire a 4.9% stake in Jana Small Finance Bank for ₹193.3 crore as part of the TVS Venu group’s broader push into India’s financial services sector.
TVS Venu Group acquired a 9.9 per cent stake in Jana Small Finance Bank for ₹193.3 crore as part of a broader investment to deepen its presence in India’s financial services sector, the company said on Monday.
The acquisition will be made through a mix of primary warrant subscription and secondary share purchases, including a 4.9 per cent stake to be held directly by TVS Motor Company.The TVS Group already operates in the lending business through TVS Credit Services and has signed definitive agreements to acquire a 100 per cent stake in PGIM India Asset Management.The investment committee of TVS Motor approved the purchase of 51.6 lakh equity shares from Jana Holdings through a share purchase agreement, according to an exchange filing. The transaction is expected to close within three months, subject to customary conditions.Focus on India’s digital financial ecosystemThe move marks the latest expansion of the TVS group’s financial services ambitions, following its agreement to acquire a 100% stake in PGIM India Asset Management. TVS already operates lending businesses through TVS Credit Services and Home Credit India.“We firmly believe that a key driver to India’s growth is the strengthening and expansion of India’s financial services,” said Sudarshan Venu. He added that the investment aligns with the group’s long-term strategy of backing institutions serving India’s growing digital financial ecosystem.The TVS Venu Group comprises TVS Motor, TVS Credit, TVS Emerald and other entities, including promoter entities, with revenue of around US$6.5 billion in FY26. The group operates as an institutional platform focused on building, anchoring and scaling globally respected enterprises across mobility, financial services, real estate and lifestyle sectors.
