According to reports from CNBC-TV18, the TVS Group is set to acquire a 9.99% stake in Jana Small Finance Bank through a preferential allotment, marking a significant strategic investment in the small finance banking space. The transaction will be priced in line with SEBI's preferential allotment norms, with the TVS Group expected to infuse between ₹450 crore – ₹500 crore into the bank. The proposed 9.99% stake acquisition is strategically positioned just below the 10% regulatory threshold applicable to corporate ownership in banks, thereby avoiding additional compliance and approval requirements that kick in beyond that level.
As reported by CNBC-TV18, Jana Small Finance Bank's board is scheduled to consider the fund-raising proposal at its meeting on Monday, May 18. Following board approval, the proposal will be submitted to the Reserve Bank of India for regulatory clearance. The fresh capital infusion is expected to support Jana SFB's expansion and future growth plans, with the bank having reported a capital adequacy ratio (CRAR) of 19.4% for financial year 2026, indicating a comfortable capital position even as it looks to strengthen its balance sheet further.
According to the latest shareholding pattern reported by CNBC-TV18, promoters hold a 21.85% stake in Jana SFB through Jana Holdings, Jana Capital and Jana Urban Foundation. Other key investors include TPG Asia, which holds an 8.11% stake, North Haven PE Asia Platinum, backed by Morgan Stanley Private Equity, with 3.18%, and HarbourVest Partners Co-Investment Fund IV with 2.38%. The bank had reported a capital adequacy ratio of 19.4% for financial year 2026, indicating a comfortable capital position.
As reported by CNBC-TV18, shares of Jana Small Finance Bank are trading 0.4% higher at ₹488.05, above its IPO price of ₹414 per share. On the other hand, shares of TVS Motor are down 3.2% at ₹3,415.6. CNBC-TV18 had first reported on May 6 in its D-Street Chatter segment that Jana Small Finance Bank was evaluating a potential capital raise, with the publication reaching out to both Jana Small Finance Bank and the TVS Group for comments, though Jana SF did not offer any comment on the story and TVS Group's response is awaited.
