Govt likely to extend Sebi chairman Ajay Tyagi's term for two years

The Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi’s term is ending in February next year, but sources say the government is likely to give him a two-year extension.

Tyagi took charge from his predecessor, U K Sinha, on March 1, 2017, for five years. But, the government had cut his tenure by two years, without giving any details. The order said his term will be for a three-year period.

Sources in the government said the concerned department has been intimated about the selection process, and if the Centre decides not to give Tyagi an extension, it might soon put