Sebi backtracks on September 4 release that blamed ‘external elements’ for staff agitations

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Sebi withdrew its September 4 press release after employees protested against alleged inaccuracies. Employees had earlier written to the Finance Minister, criticizing the management culture under chairperson Madhabi Puri Buch. Sebi stated that it will address these internal issues amicably and in accordance with high governance standards.