SEBI chief Ajay Tyagi, whose term is set to end on February 29, has been given a 6-month extension, a CNBC-TV18 flash said, quoting sources.
Also Read: Ajay Tyagi's fruitful 3-year stint as SEBI chief ignites extension hopes
Tyagi's stint at the markets regulator saw him tackle issues like the IL&FS meltdown and the Karvy episode.
A report in Mint earlier said that Department of Economic Affairs Secretary Atanu Chakraborty is the favourite to replace Tyagi.
