Jammu & Kashmir Bank Merger & Restructuring Worth ₹120.1 Cr
Jammu and Kashmir Bank successfully completed the sale of its stake in PNB Metlife India Insurance Company Limited for a total consideration of ₹120.10 Crore.
- Value
- ₹120.1 Cr
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4 announcements
Jammu and Kashmir Bank successfully completed the sale of its stake in PNB Metlife India Insurance Company Limited for a total consideration of ₹120.10 Crore.
J&K Bank entered into an escrow agreement with MetLife International Holdings to facilitate the previously announced sale of its 0.5% stake in PNB Metlife.
J&K Bank signed an Escrow Agreement with MetLife International and Barclays to facilitate the previously announced sale of its 0.5% stake in PNB Metlife India Insurance.
Jammu and Kashmir Bank proposes to divest a 0.50% stake in PNB MetLife for ₹120.1 Crore. The sale to MetLife International Holdings reduces its holding to 2.534%.