Shikha Gupta opts out of Sebi Executive Director role

Shikha Gupta, approved as Sebi’s executive director during Madhabi Puri Buch’s tenure, has declined the role after initially accepting it. This rare decision prompts Sebi to restart the search process. Gupta’s appointment was previously contentious due to her HUL association, where Buch’s spouse held a senior position, and questions were raised about her capital market policy expertise.

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