**SEBI Grants Conditional Relief to Jane Street: What You Need to Know**
**A Second Chance for Jane Street**
The Securities and Exchange Board of India (SEBI) has given US-based trading firm Jane Street a reprieve, allowing it to resume market activities in India. This comes after SEBI imposed a ban on the firm due to allegations of market manipulation.
**The Condition: A ₹4,844 Crore Escrow Account**
However, this relief is not without conditions. Jane Street has been required to create an escrow account worth ₹4,844 crore, a significant amount that serves as a guarantee of the firm’s commitment to complying with SEBI’s directives.
**Close Monitoring Ahead**
SEBI has directed stock exchanges to keep a close eye on Jane Street’s dealings, ensuring that the firm does not engage in any fraudulent practices. This move is aimed at preventing any further market manipulation and protecting the interests of investors.
**What This Means for the Market**
This development is significant, as it allows Jane Street to re-enter the Indian market while also ensuring that SEBI’s regulations are upheld. The close monitoring of the firm’s activities will provide an added layer of security for investors and help maintain the integrity of the market.
By granting conditional relief to Jane Street, SEBI has demonstrated its commitment to creating a fair and transparent market environment. As the firm resumes its activities, all eyes will be on its compliance with SEBI’s directives and its commitment to ethical business practices.
