Goldman Sachs offloads ₹62 Cr Jio Financial stake to Morgan Stanley at discount
Goldman sold 26.75 lakh JFS shares at ₹231.45, a 1.1% discount, to Morgan Stanley Asia. Reliance's financial arm has lost 25% in six months as lending, insurance and AMC bets struggle to scale. Q4 FY26 net profit slid 14% YoY to ₹272.2 Cr on ₹1,018.5 Cr revenue.
Goldman Sachs sold ₹62 Cr of Jio Financial Services shares to Morgan Stanley Asia at a 1.1% discount. JFS stock has fallen 25% in six months as Reliance's financial arm struggles to gain traction across lending, insurance, and asset management.
Why this matters
Marks continued institutional churn in JFS as Reliance's financial arm faces a 25% six-month drawdown and a 14% YoY profit decline, with lending, insurance and AMC verticals yet to gain scale.
Retail-company signals steady at 265 in last 90 days.