The Securities and Exchange Board of India (SEBI) has allowed U.S.-based investment firm Jane Street to trade in the securities market after it complied with the regulator’s interim order and transferred ₹4,843 crore to the escrow account, according to a statement.
“In terms of para 62.11 of interim order in the matter of index manipulation by Jane Street group dated July 3, 2025 [interim order], upon compliance with the directions in clause 62.1 (creation of escrow account with a lien marked in favour of SEBI, for an amount of ₹4,843,57,70,168/ the directions stipulated in clauses 62.2, 62.3, 62.4, 62.5, 62.7, 62.8 and 62.10 of the interim order shall cease to apply,” SEBI said in its statement.
Jane Street was banned from dealing in the securities market and debits in bank accounts frozen in addition to being ordered to transfer the penalty into an escrow account, after the capital markets regulator found it guilty of manipulating the stock and derivative markets. It had been pumping up Bank Nifty in the cash market while simultaneously building put option positions which was about seven times the size of the cash market position. The put options were later dumped on the second part of the day, pulling the index down, resulting in profit. In the interim order, SEBI clarified that investigation would be under way.
Published – July 21, 2025 09:10 pm IST