Copthall Mauritius Investment Ltd and Mansi Share and Stock Broking have regained access to the broader securities market after depositing the amounts the Securities and Exchange Board of India (SEBI) impounded in connection with alleged manipulation of the Sensex on BSE during the Closing Auction Session (CAS) on August 13.
The amount was deposited on August 20, a day after the market regulator had issued the order against two entities, the sources said.
However, both entities continue to remain barred from participating in the equity segment’s CAS, directly or indirectly, until further orders.
Copthall, a unit of JPMorgan, deposited Rs 2.96 crore, while Mansi deposited Rs 71.65 lakh. The amounts represented the alleged wrongful gains that SEBI ordered impounded in its August 19 ex-parte interim order.
The regulator's action followed its examination of trading activity during the CAS on August 13, which was also the weekly expiry day for Sensex derivatives. The regulator had restrained Copthall from accessing the securities market and applied the market-access restriction to Mansi’s proprietary trading account.