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VERIFIEDET Finance·neutral

Srinivasan Venu, Shruti Lohia-promoted firms to buy minority stakes in Jana Small Finance Bank

AI Summary
  • ·Jana Small Finance Bank is raising Rs 728 crore by selling equity shares.
  • ·Shruti Lohia's firm will acquire approximately 4% stake, and TVS Venu Group will acquire 9.9% stake.
  • ·The bank is seeking a universal bank license after a previous rejection.
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