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

finalized offloading 0.5% stake in PNB MetLife India Insurance to MetLife International Holdings for Rs 120 crore. A share purchase agreement was signed, reducing the bank's ownership to 2.5%. The divestment involves 10.25 million shares at Rs 117.20 per share, approved on January 20, 2026. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.