Key Points
New Delhi, Mar 19 (PTI) Markets watchdog Sebi on Tuesday proposed introducing audio-visual representation of disclosures made by companies in their offer documents for public issues, a move that will help investors have an easier understanding about the key features of an offer...
It is proposed that the disclosures made in the DRHP (Draft Red Herring Prospectus) and RHP (Red Herring Prospectus) of public issues shall also be made available in Audio Visual (AV) format by the issuer companies desiring to list on the main board...
According to the regulator, it is expected that the AV will provide ease in understanding the salient features and also provide reference to various disclosures of the proposed public issue...
The total duration of the AV should be equitably distributed among the material disclosures made under various sections of the public issue offer document..
The web link of the said AV shall be made available on the websites of stock exchanges and the concerned lead managers and shall also be accessible from the QR code pertaining to the public issue, Sebi said.. Companies looking to raise capital through public issues are required to file a DRHP with Sebi and stock exchanges..
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