Elpro International Acquires 92,000 Equity Shares in Jana Small Finance Bank
Elpro International Ltd has acquired equity shares in Jana Small Finance Bank Limited, marking an investment in the Banking and Financial Services sector. The acquisition is stated to be for an investment purpose.The cost of this acquisition stands at INR 4.48 Crores, and the transaction involves cash consideration. Through the purchase, Elpro International Ltd's holding increased by 92,000 Equity Shares, bringing its total holding to 92,000 Equity Shares.
Details of Jana Small Finance Bank Limited
Jana Small Finance Bank Limited is established in the banking and financial services industry. The bank, incorporated on July 24, 2006, is noted as the fourth largest Small Finance Bank in terms of Average Understanding Money (AUM) and deposit size. It has served nearly 12 million customers since 2008, including 4.87 million active customers. The target entity has its presence in India.The bank's turnover over the last three financial years shows a consistent pattern in its earnings. The detailed financial turnover for Jana Small Finance Bank Limited is provided below:
| Particulars | FY 2025-26 (Amount in Crores) | FY 2024-25 (Amount in Crores) | FY 2023-24 (Amount in Crores) |
|---|---|---|---|
| Interest Earned | 5,352.87 | 4,671.31 | 4,013.81 |
| Other Income | 1,021.90 | 775.86 | 670.24 |
| Total Turnover | 6,374.77 | 5,447.17 | 4,684.05 |
The details of the acquisition confirm that the transaction does not fall within related party transactions.
ELPROINTL Stock Price Movement
Today, Elpro International Limited shares edged higher to close at ₹167.65, posting a gain of 0.22% for the session. The stock saw significant activity, trading on a volume of 33,941 shares during the market hours.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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