ANI
14 Jul 2025, 13:32 GMT+10
Mumbai (Maharashtra) [India], July 14 (ANI): American proprietary trading firm Jane Street Capital deposited approximately Rs 4843.50 crore in an escrow account and requested market regulator, the Securities and Exchange Board of India (SEBI) to allow them to resume trading in the Indian stock markets. On Monday, SEBI stated through a press release that Jane Street has deposited the alleged illegal gains and asked for them to be allowed to trade. 'They (Jane Street) have further stated that this action has been undertaken by them without prejudice to their rights and remedies which remain available to them in law and equity,' the market regulators said in a release. According to SEBI, the request by Jane Street is currently under examination in accordance with the directions of the interim order. Additionally, the company further said that the action taken by the company doesn't affect their right to pursue any other legal avenue.'Jane Street has further requested SEBI that, following the creation of this escrow account in compliance with SEBI directions, certain conditional restrictions imposed under the interim order be lifted and that SEBI issue appropriate directions in this regard,' the SEBI said. Earlier, SEBI on an interim order has asked to impound highest ever illegal gains of Rs 4843.57 crore from Jane Street Group for index manipulation of the bank Nifty Index mainly on expiry days. SEBI in its order said that Jane Street through has done this intra-day Index manipulations on many occasions to affect market sentiments and mislead a large number of retail investors who traded on the basis of manipulated price signals in the underlying index and making huge profit for the company.Given the gravity of violations and ongoing disregard for regulatory warnings, SEBI passed the interim order of impounding illegal gains and restricting Jane Street from trading in the Indian markets. (ANI)
Get a daily dose of Mexico Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.
More InformationWASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
According to the China Household Electrical Appliances Association, exports of air conditioners to the EU and Britain totaled 1.39...
Rayachoty (Andhra Pradesh) [India], July 14 (ANI): Andhra Pradesh Chief Minister N Chandrababu Naidu has expressed deep sadness after...
London [UK], July 13 (ANI): Adopting a physically active lifestyle at any stage of adulthood significantly lowers your risk of dying...
Washington DC [US], July 13 (ANI): 'Modern Family' fame actress Ariel Winter opened up about her experience of allegedly being preyed...
Guwahati (Assam) [India], July 13 (ANI): Assam Deputy Speaker Numal Momin on Sunday praised Chief Minister Himanta Biswa Sarma's government...
LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...
The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...
ECAULT BEACH, France: On clear days, the white cliffs of the United Kingdom, are visible from northern France, where men, women, and...