India Ratings downgraded Jana Capital and Jana Holdings' NCDs to default after both entities extended debt repayments by six months due to refinancing challenges. Jana Small Finance Bank shares recovered after an initial decline despite concerns over promoter-level debt.

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…

Jana Holdings and Jana Capital receive BSE approval to extend NCD maturity and may sell bank shares to redeem debts.

India Ratings downgraded Jana Capital and Jana Holdings' NCDs to default after both entities extended debt repayments by six months due to refinancing challenges. Jana Small…

Jana SFB's promoters plan to monetise shares to repay debenture holders, restructuring ₹420 crore in outstanding NCDs amid rating concerns.