Jane Street Implores SEBI To Lift Curbs; Deposits Rs.4,843 Crore In Escrow Account

Jane Street Implores SEBI To Lift Curbs; Deposits Rs.4,843 Crore In Escrow Account

It was held guilty of manipulating indices and was barred from the market

Accused of market manipulation by the Securities and Exchange Board of India (SEBI), US-based hedge fund, Jane Street has deposited Rs.4,843.57 crore into an escrow account.

Early this month, the regulator’s interim order had held Jane Street guilty of manipulating indices and barred it from the market.

Jane Street, which allegedly made sizable gains through market manipulations with bets in cash and futures and options, has urged SEBI to lift certain restrictions imposed by the order, which the watchdog is evaluating.

In its probe, the regulator found that Jane Street made a profit of Rs.36,671 crore on a net basis during the investigation (January 2023-May 2025) and impounded over Rs.4,843 crore.

The statement issued by SEBI read, "Jane Street has further requested SEBI that, following the creation of the escrow account in compliance with the directions, certain conditional restrictions imposed under the interim order be lifted and that SEBI issue appropriate directions. The request is under examination.”

It added remaining committed to following due process and ensuring the integrity of the securities market.