Jammu and Kashmir Bank Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the execution of a Share Purchase Agreement (SPA).
Transaction Details
- Date of Agreement Execution: 17th July, 2026
- Counterparty: MetLife International Holdings, LLC
- Number of Shares Sold: 1,02,47,348 equity shares
- Percentage of Paid-up Capital: 0.50%
- Price per Share: ₹117.20
- Total Transaction Value: ₹120,09,89,186 (One Hundred Twenty Crore Nine Lakh Eighty-Nine Thousand One Hundred Eighty-Six Rupees)
- Class of Shares: Fully paid-up equity shares with face value of ₹10 each, carrying one vote per share
Relationship Disclosure
- The bank confirms it does not have any prior shareholding in MetLife International Holdings, LLC
- The transaction is not a related party transaction
- The listed entity is not related to either MetLife International Holdings, LLC or PNB MetLife India Insurance Company Limited
Additional Information
- No special rights, board nomination rights, or capital structure restrictions were part of the agreement
- No potential conflicts of interest or other significant disclosures required
- The agreement document is available on the bank's website at https://jkb.bank.in/sites/default/files/aGREEMENT.pdf