SEBI Update- New format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares

Sebi on 4th September 2023,  came out with a new format for abridged prospectus for public issuance of non-convertible debt securities wherein critical information will be provided on the front page of the offer document. Besides, the issuer or merchant bankers concerned should include a Quick Response (QR) code so that the prospectus can be accessed by scanning the code.

The format has been revised to simplify further and provide greater clarity and consistency in the disclosures across various documents.
The new format will apply to all public issues opening on or after October 1, 2023.

Link – https://www.sebi.gov.in/legal/circulars/sep-2023/new-format-of-abridged-prospectus-for-public-issues-of-non-convertible-debt-securities-and-or-non-convertible-redeemable-preference-shares_76430.html