'Global trading giant Jane Street Group is set to resume its activities in Indian markets after complying with key conditions laid out by the Securities and Exchange Board of India (SEBI) in its interim order on alleged index manipulation.
According to an official SEBI statement released on Monday, Jane Street has deposited Rs 4,843.57 crore into an escrow account as directed in SEBI's July 3 interim order. The deposit fulfills a crucial requirement that previously led to trading restrictions against the firm for its alleged use of manipulative strategies in Indian stock markets.
Upon compliance with the escrow requirement, several interim trading restrictions on Jane Street have been lifted. This effectively means that Jane Street, which has denied any wrongdoing, can now resume trading activities in the country.
However, the reprieve comes with a stern warning. SEBI's latest communication emphasizes that Jane Street must refrain from any direct or indirect engagemen...
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