Source: Business Standard

Metlife: J&K Bank soars 6% as lender to divest PNB MetLife stake; stock up 80% YTD

J&K Bank has proposed to divest 10.25 million equity shares in PNB MetLife India Insurance Company at ₹117.20 apiece, taking the transaction value to ₹120.1 crore.

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Metlife is a New York-based financial institution that offers services such as commercial insurance, retirement planning and wealth management for individuals and businesses.