Sebi board likely to have new faces as Anshuman, Govil exit
regulator, the Securities and Exchange Board of India (Sebi) will have a new look as two members exit after the end of their respective terms to make way for two incoming candidates. The Sebi chief, while also a full-time member of the board, reports to it.
IIM Bangalore professor V Ravi Anshuman and bureaucrat Manoj Govil, who joined the board in 2019 and 2022, respectively, are exiting. The former's five-year tenure with the regulator has ended and the latter's role is being reassigned from corporate affairs secretary to expenditure secretary at the Centre.
Anshuman and Govil — both part-time members at Sebi — were appointed by the government. While Govil will be replaced by Deepti Gaur Mukerjee, the new corporate affairs secretary, at Sebi, it is not known who would replace Anshuman at the regulator.
The other two part-time members on Sebi board are Ajay Sheth, economic affairs secretary, and M Rajeshwar Rao, deputy RBI governor. The other five members on the Sebi board, including its incumbent chief Madhabi Puri Buch, are full-time members.
The four full-time members are former SBI MD Ashwani Bhatia, banking and financial market veteran Ananth Narayan, Sebi lifer Amarjeet Singh and bureaucrat Kamlesh Varshney.
Sebi didn't respond to ET's emailed query on board changes.
The four full-time members have thrown their weight behind Buch, who is caught in the eye of a storm after American short-seller Hindenburg Research accused the Sebi chairperson and her husband Dhaval Buch of holding stakes in an obscure
