Ajay Tyagi gets 18 months' extension as SEBI chairman

Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi. Credit: PTI Photo

Ajay Tyagi was on Wednesday given an 18-month extension, till February 2022, as the chairman of markets regulator SEBI, according to a Personnel Ministry order.

The Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi has approved extension of Tyagi's term for 18 months, with effect from September 1 2020 up to February 28, 2022, it said.

Tyagi, a 1984 batch IAS (retired) officer of Himachal Pradesh cadre, was appointed as the SEBI chairman in March 2017 for three years.

He was earlier this year given a six-month extension till August.