Sebi Employees Demand Chairperson's Resignation Amidst Protest

Over 200 Sebi employees protested outside the market regulator's headquarters demanding chairperson Madhabi Puri Buch's resignation and the retraction of a press release. Buch faces scrutiny over her handling of the Adani Group probe. The protest highlights ongoing internal issues and claims of a 'toxic' work environment.

Over 200 Sebi employees staged a silent protest outside the market regulator's headquarters in Mumbai on Thursday, demanding the resignation of Chairperson Madhabi Puri Buch. The employees also sought the withdrawal of a press release issued by Sebi on Wednesday.

The protest, held at the Bandra Kurla Complex, lasted about 90 minutes. The employees declined to comment to the media but circulated a handout listing their grievances. Notably, this is not the first protest at Sebi, which faced a similar unrest just a month ago.

Buch, a career banker-turned-regulator, is under scrutiny for alleged conflicts of interest in her handling of the Adani Group investigation. The protest reflects broader concerns within Sebi about a 'toxic' work environment, marked by public humiliation and aggressive management practices.