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Goldman Sachs Offloads Jio Financial Services Shares in 62 Cr Block Deal With Morgan Stanley Buying Entire Lot
Business
Published on 14 May 2026
Goldman exits via block sale bought wholly by Morgan Stanley
Goldman Sachs has sold 26.8 lakh shares of Jio Financial Services in a ₹62 crore block deal, selling at ₹231.45 per share—about a 1.1% discount to the previous day’s price. Morgan Stanley Asia Singapore Pte bought the entire quantity. Despite the large divestment, JFS shares closed up 1.1% at ₹234.20 on the BSE. The move adds to a period of rapid expansion, even as critics question differentiation amid profit decline in Q4 FY26.
- Goldman sold 26,75,853 JFS shares worth about ₹62 crore
- Transaction price was ₹231.45, around a 1.1% discount
- Morgan Stanley Asia Singapore Pte bought the entire lot
- JFS shares still closed 1.1% higher at ₹234.20 on BSE
- Q4 FY26 net profit fell 14% to ₹272.2 crore
- Q4 FY26 revenue from operations rose over 2x to ₹1,018.5 crore
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This summarization was done by Beige for a story published on 
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