News From Press PNB Metlife IPO likely next fiscal, says CEO Sunil Mehta

PNB Metlife IPO likely next fiscal, says CEO Sunil Mehta

Source: Mint Feb 26, 2019

State-run Punjab National Bank may look at listing its life insurance arm next financial year and is currently in the process of selling its 4 percent of 30 percent stake in PNB Metlife to discover price.

The insurance company has been talking about an IPO for quite since 2016 and the issue is necessitated by the American financial services major and its partner Metlife Inc's plans to exit the company.

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