Ajay Tyagi gets extension as SEBI chief

The finance ministry on Wednesday extended Ajay Tyagi’s tenure as the chairman of Securities and Exchange Board of India (SEBI) by 18 months, opting for continuity amid an uncertain economic environment.

“The decision was mostly to ensure that there are no disruptions at regulators at a time when the Indian economy and corporates are going through Covid-19 related uncertainties,” a finance ministry official said on the condition of anonymity.

Tyagi, an Indian Administrative Service (IAS) officer, will now head the regulator till at least February 28, 2022. This is his second extension; the first one was granted in February for six months.