Centre extends Sebi chairman Ajay Tyagi's term by 6 months: Report

Initially, Tyagi was appointed for a period of three years and was eligible for an extension of two years

The government is believed to have given a six-month extension to incumbent Sebi Chairman Ajay Tyagi, amidst a continuing process of selecting a new chief for the capital market regulatory body.

A 1984 batch IAS officer of Himachal Pradesh cadre, Tyagi assumed charge as Sebi chief on March 1, 2017.

According to sources, the government has decided to give a six-month extension to Tyagi as Sebi Chairman, a post for which the top applicants include Economic Affairs Secretary Atanu Chakraborty, Corporate Affairs Secretary Injeti Srinivas, Additional Secretary in the Finance Ministry Pravin Garg and Sebi Whole Time Member Madhabi Puri Buch.

An official