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The Sebi Chairman, Ajay Tyagi may get a fresh extension as the market regulator. In March 2017, he took VRS from the Indian Administrative Service to take over as Sebi chief.
Initially he was appointed for three years and later he got an extension of six-month. He got a second term, which ends in February 2022, although the government had advertised for the post.
With age on his side, Tyagi is now tipped to get a third term, although there is hectic lobbying from some quarters to replace him. Among those seen in the reckoning is a former Sebi member.
Prior to joining Sebi, he held the position of Additional Secretary in the Finance Ministry handling the capital markets division.
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