Sebi scouts for tenants in new Bandra-Kurla Complex property

Sources say the new building has a carpet area of 200,000 sq ft office space and super built up area of 321,000 sq ft

The Securities and Exchange Board of India (Sebi) is planning to lease out at least four floors of its recently-acquired building in Mumbai’s plush Bandra-Kurla Complex (BKC) area.

According to sources, the markets regulator would soon invite government-owned institutions for tenancy. It had acquired the building from IDBI Bank for Rs 10 billion just before the close of financial year 2017-18.

The new building, close to its headquarters, was acquired to accommodate growing staff. However, the regulator doesn’t immediately need the entire 200,000 sq ft property. Sources say Sebi would require less than half of the floors for current operations.

In the absence