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Goldman Sachs exits Jio Financial in Rs 62 crore block deal as Morgan Stanley steps in at Rs 231 per share
Business
Published on 14 May 2026
A Morgan Stanley buy follows Goldman’s quiet exit
Jio Financial Services witnessed a block deal on Thursday where Goldman Sachs sold more than 26.75 lakh shares worth Rs 62 crore to Morgan Stanley. The shares were sold via Goldman Sachs Bank Europe SE-ODI at Rs 231.45 each, while Jio Financial ended the day at Rs 234.20 on the BSE. Despite a weak one-year trend and a 14% year-on-year decline in Q4FY26 net profit to Rs 272 crore, the company reported explosive revenue growth and higher AUM and payment volumes.
- Goldman Sachs sold 26.75 lakh shares in a block deal worth Rs 62 crore
- The buyer was Morgan Stanley, using Goldman Sachs Bank Europe SE-ODI
- Sale price was Rs 231.45 per share; stock closed at Rs 234.20, up 1.12%
- Q4FY26 net profit fell 14% YoY to Rs 272 crore
- Revenue from operations jumped 106% YoY to Rs 1,019 crore
- Jio Credit AUM crossed Rs 25,000 crore; Jio Payment Solutions payment value crossed Rs 50,000 crore
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times