Asian Paints
2657.8 18.00
Cipla
1413.9 14.70
Eicher Motors
7414 432.50
Nestle India
1413.6 -9.50
Grasim Inds
3171.6 16.30
Hindalco Inds.
1099.6 -9.60
Hind. Unilever
2196.5 -7.10
ITC
303.95 2.25
Trent
4300 3.50
Larsen & Toubro
4033.4 106.80
M & M
3139 57.70
Reliance Industries
1367 12.50
Tata Consumer
1187.2 -4.60
Tata Motors PVeh
373.25 9.90
Tata Steel
210.22 1.03
Wipro
206.84 3.73
Apollo Hospitals
8404 41.50
Dr Reddy's Labs
1331.4 24.20
Titan Company
4159.2 79.40
SBI
969.6 20.40
Shriram Finance
961.95 20.95
Bharat Electron
421.85 5.30
Kotak Mah. Bank
392.85 8.70
Infosys
1168.5 -6.00
Bajaj Finance
941.9 25.35
Adani Enterp.
2849.7 132.40
Sun Pharma.Inds.
1840.6 -4.00
JSW Steel
1289.4 3.90
HDFC Bank
786.85 20.05
TCS
2308.2 -9.10
ICICI Bank
1291.8 27.50
Power Grid Corpn
295.35 1.05
Maruti Suzuki
13170 183.00
Axis Bank
1311.2 25.80
HCL Technologies
1165.7 1.70
O N G C
284.95 -5.05
NTPC
390.05 1.40
Coal India
458 1.45
Bharti Airtel
1874.8 3.40
Tech Mahindra
1435.5 13.30
Jio Financial
241.74 3.55
Adani Ports
1802.9 16.00
HDFC Life Insur.
620 3.40
SBI Life Insuran
1901.9 31.20
Max Healthcare
1000.85 -22.40
UltraTech Cem.
11726 157.00
Bajaj Auto
10491 -58.50
Bajaj Finserv
1807.4 41.40
Interglobe Aviat
4501.9 63.30
Eternal
247.67 5.72
TVS VENU has agreed to acquire a minority stake in Jana Small Finance Bank through a combination of primary issuance of warrants and a secondary purchase for an equity ownership of up to 9.9% on a fully diluted basis, which includes 4.9% to be owned by TVS Motor Company, subject to all applicable approvals.
TVS VENU has a long-standing presence in India's financial services sector through TVS Credit Services, a leading Non-Banking Financial Companies offering consumer and retail loans to millions of customers across India. It has also signed definitive agreements to acquire 100% stake in PGIM India Asset Management. The investment in Jana Small Finance Bank (Jana) will allow for mutual collaboration in various areas for the long-term success of the Bank, subject to applicable laws.
Sudarshan Venu, Chairman, TVS Motor Company said, 'We firmly believe that a key driver to India's growth is the strengthening and expansion of India's financial services. We have been serving more than 44 million financial services customers across more than 100,000 touch points pan India, and are excited about the huge opportunity that the sector presents. This investment in Jana is aligned with TVS VENU's long-term approach to support high-quality institutions that serve India's growing financial needs and its expanding digital financial eco-system. Jana Small Finance Bank has built a credible banking franchise with a strong presence across customer segments central to India's credit, savings, and investment growth. We are thankful to TPG Capital for backing and building Jana together with Ajay and his team. We are also excited to welcome new investors, particularly the highly respected industrialist Mr S P Lohia, founder of Indorama Corporation and Ms Shruti Lohia, through her investment vehicle 2i Capital PCC. We are very thankful to Mr Haigreve Khaitan and Khaitan & Co for their continued advice and legal counsel. Subject to the necessary approvals, we look forward to supporting Jana in its journey towards a leading Bank in India.'