India, May 14 -- Financial services giant Goldman Sachs today offloaded Jio Financial Services (JFS) shares worth Rs.62 Cr via a block deal.

As per BSE data, Goldman Sachs sold 26.8 Lakh shares (26,75,853 to be precise) at Rs.231.45 apiece to rake in the amount. The shares that flooded the market were lapped up by Morgan Stanley Asia Singapore Pte, which purchased the entire quantity.

The shares were sold at a discount of 1.1% to the stock's price on Thursday.

Despite the high-volume divested by Goldman Sachs, JFS' stock closed today's trading session 1.1% higher at Rs.234.20 on the BSE. However, the stock has tumbled over 25% in the past six months as investors question the company's ability to differentiate itself in a crowded market...