In a significant block deal, Goldman Sachs sold 26.75 lakh shares of Jio Financial Services, valued at ₹62 crore. Morgan Stanley was the buyer in this transaction.
On Thursday, May 14, 2026, Goldman Sachs executed a block deal involving 26.75 lakh shares of Jio Financial Services.
The shares were sold through Goldman Sachs Bank Europe SE-ODI at a price of ₹231.45 per share. Morgan Stanley Asia Singapore PTE acquired these shares, marking a notable transaction in the financial market.
Jio Financial Services reported a 14% year-on-year decline in its consolidated net profit for the quarter ending March 31, 2026.
The net profit stood at ₹272 crore, compared to ₹316 crore in the same period the previous year.
Despite the decline in profit, the company's total revenue from operations surged 106% to ₹1,019 crore from ₹493 crore in the corresponding quarter of the last financial year.
Read More: Jio Platforms IPO Focuses on Fundraising with No Investor Exits: Report!
Sequentially, Jio Financial's profit after tax grew 1.2% to ₹269 crore, while the topline increased by 13% quarter-on-quarter to ₹901 crore in Q4FY25.
The net interest income for the quarter was ₹202 crore, a significant increase from ₹81 crore in the year-ago period.
Jio Financial Services' consolidated total income reached ₹3,274 crore, reflecting a 78% year-on-year growth. Jio Credit’s Assets Under Management (AUM) crossed ₹25,000 crore in FY26, and Jio Payment Solutions' total payment value exceeded ₹50,000 crore in the same period.
As of May 15, 2026, at 11:43 AM, Jio Financial Services share price on NSE was trading at ₹233.79 down by 0.15% from the previous closing price.
The block deal involving Goldman Sachs and Morgan Stanley highlights a significant transaction in Jio Financial Services. Despite a decline in net profit, the company showed strong revenue growth and an increase in net interest income, indicating robust operational performance.
Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: May 15, 2026, 12:24 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
