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 a ₹62 Cr Jio Financial stake to Morgan Stanley at a 1.1% discount as JFS shares slid 25% in six months.

Inc42 · Buzz · 5/15/2026, 2:32:06 AM · Ask about this →

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