India's Jana Small Finance Bank drops after TVS-backed investment at discount

Jana Small Finance Bank

18/05/2026 08:39

** Shares of Jana Small Finance Bank JANA.NS fall 5% to 466 rupees

** Lender to issue equity warrants aggregating up to ~13% stake to investors, including TVS VENU

** Warrants to be issued at 464.82 rupees per share, a discount of 5.3% over the company's last close

** Separately, TVS Motor to buy 4.9% stake in JANA from promoters, taking TVS group's holding to 9.9% on a fully diluted basis

** JANA is up ~10% so far in 2026

(Reporting by Nishit Navin in Bengaluru)

((nishit.navin@thomsonreuters.com))