Jana Small Finance Bank to raise ₹728 crore via preferential issue
pre-market1 source ↓written by the desknot a recommendation
- from various investors
- ₹728.5 cr
- acquiring
- 68.29 lakh warrants
- 5.64% stake
- Capital PCC
- 55.25 lakh warrants
- 4.57% stake
Jana Small Finance Bank has approved a preferential warrant issue to raise up to ₹728.5 cr from various investors. The largest allocation will go to GWC Family Fund Investments, part of the TVS Venu group, acquiring 68.29 lakh warrants for a 5.64% stake. This move signals confidence in the bank's growth potential and may enhance liquidity in the market.
• Second-largest allotment to 2I Capital PCC with 55.25 lakh warrants for a 4.57% stake.
• Fundraising cleared by the bank’s board and disclosed to the NSE and BSE under SEBI norms.
Not investment advice. For informational purposes only.