TVS Venu to buy 5.64% in Jana SFB for $33 million via warrants

Jana Small Finance Bank

18/05/2026 08:20

May 18 (Reuters) - India's Jana Small Finance Bank JANA.NS said on Monday that industrialist Venu Srinivasan-led TVS Venu Group will buy a 5.64% stake in the lender through the issuance of warrants worth 3.17 billion rupees ($32.9 million).

GWC Family Fund Investments, which is a part of TVS Venu, will buy the warrants via a preferential issue at 464.82 rupees apiece

The issue of warrants is at a 5.3% discount to Jana's closing price on Friday

Shares fell 4.7% to 467 rupees after the news

Jana also approved issuing warrants, making up a 12.94% stake and worth 7.29 billion rupees to investors, including Capri Global Ventures, Singularity Large Value Fund and ICM Finance

GWC has also expressed interest in buying up to 9.9% in Jana, subject to getting approval from the Reserve Bank of India

Separately, two-wheeler maker TVS Motor TVSM.NS also said it will buy 4.9% in Jana Holdings for 1.93 billion rupees

($1 = 96.3000 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru; Editing by Eileen Soreng)

 ((Kashish.Tandon@thomsonreuters.com; 8800437922;))