Jane seeks six weeks to respond to Sebi

JANE STREET GROUP has sought six more weeks from the Securities and Exchange Board of India (Sebi) to prepare its defence against market manipulation allegations, though it may get fewer, according to a person familiar with the matter.

- RUCHI BHATIA, CHIRANJIVI CHAKRABORTY & KATHERINE DOHERTY

The markets regulator is considering granting about four more weeks to the US trading firm, said the person, asking not to be identified. The regulator had previously given Jane Street 21 days to submit its arguments to the preliminary findings of an investigation into its controversial Indian options trades. The deadline expired last week.