Jammu & Kashmir Bank executed Share Purchase Agreement with Oman India Joint Investment Fund

The Board of Directors of the Bank held on February 23, 2019, the Bank has today executed Share Purchase Agreement with Oman India Joint Investment Fund II for sale by the Bank of 41,111,111 equity shares of PNB MetLife India Insurance Company Limited at a total consideration of Rs. 1,850,000,000 subject to fulfillment of certain conditions precedent which include requisite prior approval from the Insurance Regulatory and Development Authority of India

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