Jane Street Hedge Fund Seeks to Lift Restrictions After Escrow Deposit

Jane Street's Escrow Deposit and Regulatory Review

New Delhi: The US hedge fund Jane Street, which has been accused of profiting through market manipulation, has transferred Rs 4,843.57 crore into an escrow account as mandated by the Securities and Exchange Board of India (Sebi). The fund is now seeking the removal of certain imposed restrictions.

Sebi confirmed on Monday that it is currently reviewing this request.

In a preliminary ruling dated July 3, the regulatory body determined that Jane Street had engaged in manipulative practices by simultaneously betting in cash and futures & options markets, resulting in substantial profits.

As a consequence, Sebi prohibited the hedge fund from participating in the market and seized over Rs 4,843 crore in profits. Investigations revealed that Jane Street accrued a net profit of Rs 36,671 crore during the investigation period from January 2023 to May 2025.

In line with the interim order, the specified amount has been deposited into an escrow account with a lien in favor of Sebi.

Jane Street has requested that, following the establishment of this escrow account, Sebi consider lifting certain conditional restrictions outlined in the interim order and provide appropriate directives.

This request is under review by Sebi as per the interim order's guidelines.

The regulator reiterated its commitment to upholding due process and maintaining the integrity of the securities market.