Living apart together

One had assumed that the merger with the Securities and Exchange Board of India (Sebi) would give the staff of the Forward Markets Commission (FMC) space in the swanky Sebi headquarters at north Mumbai's Bandra Kurla Complex. Alas, that was not to be; Sebi has sought from the government resources to buy or rent office space of 30,000 sq ft in the Air India building at Nariman Point to house the FMC staff. So, even if the regulators are merged, there would not be any mingling of the staff of the commodities and the securities regulators.