Jana Small Finance Bank Limited has completed the allotment of 88,43,000 warrants through a preferential issue on a private placement basis. Each warrant carries the right to subscribe to one fully paid-up equity share of the company.
The allotment was made to five investors as follows:
- Capri Global Ventures Private Limited: 10,20,923 warrants
- 2i Capital PCC: 55,25,000 warrants
- ICM Finance Private Limited: 10,20,923 warrants
- Singularity Large Value Fund III: 10,20,923 warrants
- Utpal Hemendra Sheth: 2,55,231 warrants
This preferential issue was conducted in accordance with the Companies Act, 2013, Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations), and other applicable laws. The terms and conditions are governed by the securities subscription agreement dated 18th May 2026 executed between the company and the investors.
As of the allotment date, the investors have paid an amount of ₹102,76,00,818.00 (One Hundred Two Crore Seventy-Six Lakh Eight Hundred Eighteen Rupees) to the company. The balance amount will be paid upon exercise and conversion of the subscription warrants, in accordance with the terms of the securities subscription agreement and ICDR Regulations.
Additionally, GWC Family Fund Investments Pte. Ltd. (a Singapore-incorporated body corporate forming part of TVS Venu) has applied to the Reserve Bank of India for approval to subscribe to 68,29,909 warrants. The company will allot these warrants to GWC upon receiving RBI approval, within the timelines prescribed under ICDR Regulations.
The equity shares issued upon conversion of these warrants will be listed on both BSE Limited and the National Stock Exchange of India Limited in accordance with applicable laws.