Goldman Sachs offloads ₹62 Cr in Jio Financial to Morgan Stanley as stock slides 25%
Goldman sold 26.75 lakh JFS shares at ₹231.45 (1.1% discount) to Morgan Stanley Asia. The exit lands amid a 25% six-month decline and Q4 FY26 profit drop of 14% YoY to ₹272.2 Cr, even as JFS scales BlackRock and Allianz JVs.
Goldman Sachs sold ₹62 Cr of Jio Financial Services shares to Morgan Stanley Asia in a block deal at 1.1% discount, as JFS expands via Allianz, BlackRock JVs despite 25% six-month stock decline and Q4 profit drop.
Why this matters
Goldman's exit signals waning institutional conviction in JFS amid a 25% six-month slide and weakening Q4 earnings, even as the company expands BlackRock and Allianz JV bets.
Retail-company signals steady at 263 over 90 days, indicating stable sector coverage flow.
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