Jane Street Disputes SEBI’s Interim Order On 'Unlawful' Rs 4,843 Crore Profit — Read Statement
SEBI barred Jane Street Group from accessing the securities market and directed the transfer of Rs 4,843 crore to an escrow account under regulatory control.
Jane Street Group said on Friday it disputes the findings of the Securities and Exchange Board of India’s interim order and intends to engage further with the regulator.
“Jane Street disputes the findings of the SEBI Interim Order and will further engage with the regulator. Jane Street is committed to operating in compliance with all regulations in the regions we operate around the world,” a company spokesperson said in an emailed response to NDTV Profit.
The statement came after SEBI issued the interim order restricting Jane Street Group entities from participating in the securities market and directed the freezing of Rs 4,843.57 crore in what it described as unlawful gains.
According to SEBI, Jane Street earned Rs 43,289.33 crore in profits from trading index options on Indian exchanges between January 1, 2023, and March 31, 2025.
“Entities are restrained from accessing the securities market and are further prohibited from buying, selling, or otherwise dealing in securities, direct or indirect,” the order stated.
SEBI directed the entities to jointly and severally transfer the specified amount into an escrow account with a scheduled commercial bank in India. The account must have a lien in favour of SEBI and cannot be accessed without the regulator’s approval. The restrictions apply immediately and will remain in effect until further notice.
In addition, SEBI has directed banks to restrict all debit transactions unless they are necessary to comply with the order. Banks may permit credit transactions and debit amounts that exceed the amount to be frozen.
