Announced Tue, 14 Jul · 20:25 IST
J&K Bank to sell 0.50% stake in PNB MetLife for about Rs 120 crore
Strategic Transactions View source PDF
J&KBANK · price
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Price reaction · full curve 14 horizons · vs prior close
-0.1%1-day move
₹177.80
prior close
₹179.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.1+1.6+1.7+2.7-0.1+3.0+2.4+6.3+1.0-2.9————
Up moveDown movePending
AI summary
J&K Bank plans to divest 1.02 crore equity shares (0.50%) in PNB MetLife India Insurance to MetLife International Holdings at Rs 117.20 per share, aggregating about Rs 120.10 crore. Post-sale, the Bank's holding will drop from 3.034% to 2.534%. Board approved the deal on January 20, 2026; transaction is pending definitive documentation and approvals. No change in control and not a related party deal.
Likely market impact
Minor stake sale in a non-core insurance JV. Reduces holding from 3.03% to 2.53%, unlocking about Rs 120 crore in cash. Limited impact on stock.