The Securities and Exchange Board of India (Sebi) has leased a luxurious five-bedroom apartment in Mumbai’s Prabhadevi for its chairman, Tuhin Kanta Pandey, at a monthly rent of Rs 7 lakh. The three-year lease includes a 3,000 sq. ft. apartment with four car parks and a 5% annual rent escalation, aligning with Sebi’s policy for leased accommodations.