J&K Bank sells 0.5% stake in PNB MetLife for Rs 120 crore

Jammu and Kashmir Bank has sold a 0.5% stake in PNB MetLife India Insurance to MetLife International Holdings for Rs 120 crore. The transaction reduces the bank’s holding to 2.5% without changing control of the life insurance company.

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.

Read more at the source

Leave a Reply

Your email address will not be published. Required fields are marked *