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I-T searches at Jane Street, Nuvama's Mumbai offices

Financial Express Chandigarh

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August 01, 2025

THE INCOME TAX (I-T) department on Thursday conducted search operations at the Mumbai offices of US-based trading firm Jane Street and its local partner Nuvama Wealth Management.

- NESIL STANEY

The search operations were conducted to ascertain whether Nuvama's custodial and broking services enabled or facilitated Jane Street's alleged manipulative activities and potential diversion of funds, according to sources.

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