Jio Financial Stake Worth ₹62 Crore Sold By Goldman Sachs To Morgan Stanley

Goldman Sachs offloaded more than 26.75 lakh shares of Jio Financial Services worth nearly ₹62 crore through a block deal on Thursday, with Morgan Stanley picking up the entire stake. The transaction took place at ₹231.45 per share, slightly below the stock’s closing price on the Bombay Stock Exchange (BSE).

Shares of the Mukesh Ambani-promoted financial services company settled at ₹234.20 on Thursday, gaining ₹2.60 or 1.12% over the previous close. Despite the uptick, the stock has remained under pressure over the past year, falling around 12%. In comparison, the Nifty and BSE Sensex have declined nearly 4% and 7%, respectively, during the same period.

On Friday, Jio Financial Services shares opened 0.19% lower, hovering at ₹233.68 around 9:30 AM.

What Happened In The Block Deal?

Goldman Sachs sold the shares through its affiliate Goldman Sachs Bank Europe SE-ODI, while Morgan Stanley Asia Singapore PTE emerged as the buyer in the transaction. The deal comes at a time when investor focus has remained on Jio Financial’s earnings growth and expanding lending business.

The stock is currently trading below its key moving averages. Its 50-day simple moving average stands at ₹241, while the 200-day simple moving average is at ₹285, indicating continued weakness in the broader trend.

Q4 Earnings Show Mixed Performance

Last week, Jio Financial Services reported a 14% year-on-year decline in consolidated net profit for the quarter ended 31 March 2026. Net profit came in at ₹272 crore compared to ₹316 crore in the corresponding quarter last year.

At the same time, revenue growth remained strong. Revenue from operations in Q4FY26 jumped 106% year-on-year to ₹1,019 crore from ₹493 crore a year ago. On a sequential basis, profit after tax rose 1.2%, while revenue increased 13%.

The company also reported a sharp rise in net interest income, which stood at ₹202 crore during the quarter against ₹81 crore in the year-ago period.

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Growth In Lending And Payments Business

Jio Financial Services said its consolidated total income rose 78% year-on-year to ₹3,274 crore in FY26. The company’s lending arm, Jio Credit, crossed ₹25,000 crore in assets under management during the financial year.

Meanwhile, Jio Payment Solutions processed transactions worth more than ₹50,000 crore in FY26, reflecting growing traction in its digital payments business.

Sources:

The Economic Times

MSN