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      Question

      TVS Venu Group announced its plan to acquire up to what

      percentage stake in Jana Small Finance Bank?
      A 4.9% Correct Answer Incorrect Answer
      B 5.64% Correct Answer Incorrect Answer
      C 7.5% Correct Answer Incorrect Answer
      D 9.9% Correct Answer Incorrect Answer
      E 15% Correct Answer Incorrect Answer

      Solution

      TVS Venu Group announced its plan to acquire up to 9.9% stake in Jana Small Finance Bank through a combination of warrants and secondary share purchase. TVS Motor Company will directly buy 51,60,903 equity shares accounting for 4.9% of paid-up share capital for Rs 193.31 crore. The proposed investment is aimed at strengthening the bank’s capital base and supporting its long-term growth.

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