Jane Street Allowed To Re-Enter Indian Stock Markets After Rs 4,800 Crore Escrow Deposit
SEBI had Jane Street from Indian markets on July 3 following unlawful gains.
The Securities and Exchange Board of India has lifted the ban on Jane Street after the US-based investment firm last week deposited Rs 4,800 crore into an escrow account as mandated by the regulator in its July 3 order, according to people familiar with the matter.
Sebi has communicated to market infrastructure institutions, including exchanges, depositories, and custodians, that the trading ban on Jane Street has been lifted, the people told NDTV Profit.
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The move comes after last week, SEBI confirmed that the Wall Street high-frequency trader deposited the mandated Rs 4843.50 crore in an escrow account and had further requested the market regulator lift certain restrictions imposed in the interim order.
Earlier this month, SEBI had barred Jane Street Group entities from accessing the Indian securities market and directed the impounding of Rs 4,843.57 crore in alleged unlawful gains from the group. Two days after the ban, Jane Street said that it will pursue all legal options, including a possible settlement under SEBI’s consent framework.
The market regulator passed the order as part of enforcement action. It applies to all Jane Street Group entities operating in India and restricts their ability to trade or participate in any market-related activity.
