alt Hacker NewsI have! JS was engaged in standard arbitrage and did nothing wrong. SEBI is coming after them because JS being able to do what it was doing is deeply embarrassing.
I have! JS was engaged in standard arbitrage and did nothing wrong. SEBI is coming after them because JS being able to do what it was doing is deeply embarrassing.
Standard arbitrage? JS bought stocks worth 572 crores and sold options worth an effective short value of 8,751 crores. 15x more. You dont short 15x your long position to do arbitrage. They were moving the market to suit their positions.