Nuvama shares sink 6.5% in 2 days amid tax raids tied to Jane Street probe

August 1, 2025

Nuvama Wealth Management’s shares have declined following income tax searches related to the Jane Street market manipulation probe. While Nuvama hasn’t been directly implicated by SEBI, its role as Jane Street’s trading partner in India has sparked investor concerns. SEBI alleges Jane Street manipulated index levels, amassing significant profits.

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