Mumbai, July 4 -- The Securities and Exchange Board of India (SEBI) has passed an interim order in the matter of index manipulation by the Jane Street Group, and imposed to recover one of the highest ever illegal gain made by the group of Rs 4,843.57 crore.

The order targets four key entities under the Jane Street Group umbrella: JSI Investments Pvt Ltd, JSI2 Investments Pvt Ltd, Jane Street Singapore Pte Ltd, and Jane Street Asia Trading Ltd.

SEBI in its order noted that the Group used a profit maximising scheme to manipulate the market and booked substantial profits in index options, while incurring smaller losses in the cash and futures segments.

The order stated "The total amount of unlawful gains earned by the JS Group from the al...