NCLT approves amalgamation of Jana Holdings with Jana Capital

New Delhi, Nov 12 (PTI) The National Company Law Tribunal (NCLT) has approved amalgamation of Jana Holdings Ltd with Jana Capital Ltd.

     The two companies are promoter group entities of Jana Small Finance Bank Limited.

     "Jana Small Finance Bank, on November 11, 2026, received a copy of the order dated November 3, 2026, passed by NCLT, Division Bench – II, Chennai, approving the aforesaid scheme of amalgamation.

     "Both the transferor and the transferee companies form a part of the promoter/promoter group of our company. Pursuant to the scheme, Jana Holdings shall be amalgamated with Jana Capital, subject to the terms and conditions stipulated in the scheme and the aforesaid order," Jana Small Finance Bank said in a BSE filing.

     Jana SFB is not a party to the scheme of amalgamation. The scheme is confined to the restructuring of the promoter group entities, it added.

     Jana Holdings is a wholly-owned subsidiary of Jana Capital Ltd.

     The restructuring aims to eliminate the redundant Non-Operative Financial Holding Company (NOFHC) layer. Jana Holdings, which was created in January 2017 to comply with earlier RBI guidelines for universal bank licensing, will be dissolved without winding up.

     Its assets, liabilities, and rights will vest in Jana Capital, the Core Investment Company (CIC) and sole promoter entity post merger.

(This story has not been edited by THE WEEK and is auto-generated from PTI)