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

Economic Times 1d ago·17 Jul 2026, 1:42 pm

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.

Stocks in this story

Punjab National Bank₹105.77▲ 0.00%