The Oman India Joint Investment Fund has proposed acquiring shares of PnB Metlife India Insurance Company Limited (“PNB Metlife”) from The J&K Bank Limited. Oman India Joint Investment Fund is a private equity firm being a joint venture of Oman’s State General Reserve Fund and State Bank of India. PNB MetLife is one of the leading life insurance companies in India, and is a joint venture between MetLife International Holdings Inc, Punjab National Bank, J&K Bank, M Pallonji and other private investors. The total deal value is Rs 185 Crores, according to reports.
J Sagar Associates (JSA) advised
Dua Associates acted for
2019-04-18
Deal value: INR 185 crores
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
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