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.
What happened
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
Key facts
- ₹62 Cr block deal
- 26,75,853 shares
- ₹231.45 per share
- 1.1% discount
- stock down 25% in 6 months
- Q4 FY26 net profit ₹272.2 Cr (-14% YoY)
- revenue ₹1,018.5 Cr
- Jio BlackRock AUM ₹15,218 Cr
Why this matters
Rotating block ownership from Goldman to Morgan Stanley reshapes our institutional cap table ahead of JV milestones, and we should engage the incoming holder early to align on the asset management and insurance build-out narrative.
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