Fair trade regulator CCI has approved 30 per cent stake purchase by state-owned Punjab National Bank ( PNB ) in MetLife India Insurance Company.The Competition Commission of India (CCI) said the deal would not have any adverse impact on
the competition scenario. In 2011, PNB had announced picking up of 30 per cent stake or about 60.38 crore shares in MetLife India for an undisclosed amount. MetLife India is a joint venture between MetLife International (an affiliate of USbased MetLife Inc) and group of Indian investors
the competition scenario. In 2011, PNB had announced picking up of 30 per cent stake or about 60.38 crore shares in MetLife India for an undisclosed amount. MetLife India is a joint venture between MetLife International (an affiliate of USbased MetLife Inc) and group of Indian investors
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