Khambata has met Ratan Tata and Cyrus Mistry separately. He has a long association with both Ratan and Cyrus. Darius Khambata is the Former Advocate General of Maharashtra.
J&K Bank has started the process to sell its 5.3 percent stake in PNB MetLife and is looking at a valuation of about Rs 700 crore, chairman and CEO Mushtaq Ahmad told CNBC-TV18 in an interview.