Jane Street Deposits Rs 4,843 Crore In Escrow, Seeks Relief From SEBI Curbs

US-based hedge fund Jane Street has transferred Rs 4,843.57 crore into an escrow account in accordance with Securities and Exchange Board of India (SEBI) directives, as the market regulator continues to probe alleged market manipulation activities that led to massive gains for the firm.

The amount has been credited to the account with a lien marked in favour of SEBI, following instructions issued in an interim order on July 3. The regulatory body earlier found Jane Street guilty of influencing market indices by simultaneously taking positions in the cash and derivatives segments, leading to significant profits, reported PTI.

According to SEBI’s investigation, Jane Street recorded net gains amounting to Rs 36,671 crore during the period spanning January 2023 to May 2025. In light of these findings, the interim order barred the hedge fund from participating in the Indian markets and directed the impounding of Rs 4,843.57 crore, representing alleged unlawful profits.

Hedge Fund Appeals for Relaxation of Restrictions

Following the deposit, Jane Street has appealed to SEBI, requesting that certain restrictions imposed under the interim order be lifted. The hedge fund has cited its compliance with the order — specifically the establishment of the escrow account — as the basis for its request. SEBI has confirmed that the appeal is currently under review in line with the stipulations laid out in the July 3 order.

“The request is currently under examination by SEBI in accordance with the directions of the interim order,” the regulator said in an official statement issued Monday.

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SEBI Reaffirms Commitment to Market Integrity

While reviewing the hedge fund’s submission, SEBI has reiterated its adherence to due process and its commitment to maintaining transparency and fairness in the capital markets. “The regulator said it remains committed to following due process and ensuring the integrity of the securities market,” the statement noted.

The case marks one of the largest enforcement actions by the market watchdog in recent years and signals its resolve to curb complex manipulative strategies that could undermine investor confidence.

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