Sebi chief Ajay Tyagi's tenure ends today, all eyes on next appointment

The delay on Sebi chief appointment comes despite the centre initiating the process to find a replacement four months ago

The stock market ecosystem continues to wait for news on the appointment of a new chairman of market regulator Securities and Exchange Board of India (Sebi).

Current chairman Ajay Tyagi’s tenure ends on Monday. He, however, is eligible for an extension.

Many are surprised that the government has not yet made a formal announcement as to whether the Sebi headquarters in Mumbai will be occupied by a new person or Tyagi get another extension. The delay comes despite the Centre initiating the process to find a replacement four months ago.

“Applications are invited from the eligible candidates