Goldman Sachs bought 2,675,853 shares of Jio Financial Services for ₹62.23 crore at ₹232.55 apiece in a block deal.
A non-banking financial company registered with the RBI, Jio Financial Services operates as a holding company delivering diversified financial services through multiple subsidiaries and joint ventures. The company provides consumer-facing solutions across lending, insurance broking, payment solutions, and payments banking. It serves retail and small business customers through Jio Finance Limited, Jio Insurance Broking Limited, Jio Payment Solutions Limited, and Jio Payments Bank Limited, functioning as the financial services arm of a major Indian conglomerate.
US-based global investment bank (USD 1.6 trillion in assets, USD 3 trillion+ in client AUM through Goldman Sachs Asset Management). India FPI activity covers proprietary, market-making, client flows and active asset management mandates in listed Indian equities.
