MUMBAI: The Securities and Exchange Board of India (Sebi) is set to buy IDBI BankBSE -5.54 %'s building in Bandra-Kurla Complex (BKC), Mumbai's financial hub, for close to Rs 1,000 crore.
The capital market regulator will acquire the state-owned bank's seven-storey building, which has 3.21 lakh square feet of super builtup area, close to its existing office, making this the second biggest transaction at BKC since 2013.