Jana Holdings is ready to relinquish its promoter status to repay the ₹700 crore it owed to TPG Asia as of June 30.
Jana Holdings Ltd is ready to give up its status as the promoter of Jana Small Finance Bank by selling its stake to repay the debt it owes to Singapore-based private equity firm TPG Asia, a source close to the management told CNBC-TV18. A potential merger with a peer bank is also under consideration.
Continue Reading with
CNBC-TV18 Access Membership
Priority Access and Networking: CNBC-TV18’s flagship events
Interaction with CNBC-TV18’s journalists
Webinars & LIVE Q&As with India Inc. Leaders
Exclusive CNBC-TV18 studio & newsroom tours
Premium business insights, expert opinions & analysis
Curated lifestyle privileges & offers
