SEBI has ordered Jane Street Group to impound Rs 4,843.57 crore in alleged unlawful gains from trading in Indian index options.
Jane Street Group's margin deposits of Rs 15,000 crore in G-Secs could be used to recover the illegal gains if necessary.
The order restricts Jane Street entities in India from trading or participating in any market-related activity, with funds to be deposited in an escrow account under SEBI's control.
Jane Street disputes the findings of SEBI's interim order and plans to engage further with the regulator.