J&K Bank signs escrow deal for ₹120.10 crore PNB Metlife stake sale
- Jammu & Kashmir Bank signed an escrow agreement on September 21, 2026
- The deal involves the sale of a 0.5% stake in PNB Metlife for ₹120.10 crore
- MetLife International Holdings, LLC is the purchaser of the stake
- Barclays entities act as share and cash escrow agents for the transaction

*this image is generated using AI for illustrative purposes only.
Jammu & Kashmir Bank has signed an escrow agreement to sell its 0.5% stake in PNB Metlife India Insurance Company Limited for ₹120.10 crore.
The agreement was executed on September 21, 2026, with MetLife International Holdings, LLC as the purchaser. The transaction follows a Share Purchase Agreement dated July 17, 2026.
Transaction details
The escrow arrangement involves Barclays entities acting as agents to secure the interests of both parties during the transfer of shares and consideration.
| Parameter | Details |
|---|---|
| Counterparty | MetLife International Holdings, LLC |
| Sale price per share | ₹117.20 |
| Total transaction value | ₹120.10 crore |
| Stake sold | 0.5% |
| Escrow Agents | Barclays Wealth Trustees (India) Private Limited (Share), Barclays Bank PLC (Cash) |
Regulatory disclosures
The bank disclosed the transaction under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the transaction is not a related-party transaction and that it holds no shareholding in the counterparty or the escrow agents.
Historical Stock Returns for Jammu & Kashmir Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.43% | +0.47% | -2.86% | +18.17% | +39.58% | 0.0% |
Will Jammu & Kashmir Bank pursue further divestments of non-core insurance assets to strengthen its capital adequacy ratios?
How might MetLife's increased stake in PNB Metlife impact the competitive landscape of India's life insurance sector?
Does this transaction signal a broader strategic shift for J&K Bank towards focusing exclusively on core banking operations?


































