Why was Ajay Tyagi not given an extension? What was about Ajay Tyagi that made him different from his several predecessors?
Ajay Tyagi led SEBI honorably however at times controversially. And now he is being replaced by the first female chairman of SEBI ever, Madhabi Puri Buch.
Ajay Tyagi's name will be associated with someone who was not ever frightened to take on the big names when a violation was committed. Madhabi really has some heavy shoes to fill in.
His decisions related to Karvy being penalized were criticized and questioned by many stock market participants and media. However, he always successfully justified his actions with rationality as a weapon.
This podcast will give you a concise review of Ajay Tyag's tenure as the Chairman of SEBI. Happy Listening.
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