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.
What happened
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
Key facts
- ₹62 Cr block deal
- 26,75,853 shares at ₹231.45
- 1.1% discount
- stock down 25% in 6 months
- Q4 FY26 net profit ₹272.2 Cr (-14% YoY)
- revenue ₹1,018.5 Cr
Why this matters
JFS's struggle to scale organically across three financial verticals opens the door for bolt-on acquisitions in distribution or specialty lending to accelerate the build.