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Jana Holdings to pare Jana Bank stake to repay its bond holders
Jana Holdings plans to reduce its stake in Jana Small Finance Bank to below 10% from 17% to meet bondholder payment obligations, including to TPG Asia. This move will also see the holding company relinquish its 'promoter' status. The company recently received debt restructuring approvals, extending payment deadlines to December 2026, with bondholders like TPG Asia acknowledging the planned equity sale strategy.
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economictimes.indiatimes.com
Jana Holdings to pare Jana Bank stake to repay its bond holders
Jana Holdings plans to reduce its stake in Jana Small Finance Bank to below 10% from 17% to meet bondholder payment obligations, including to TPG Asia. This move will also see the…
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thehindubusinessline.com
Jana Holdings, Jana Capital get BSE nod to extend maturity date of NCDs
Jana Holdings and Jana Capital receive BSE approval to extend NCD maturity and may sell bank shares to redeem debts.
