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<h1>SEBI Mandates Comprehensive Disclosures in IDR Prospectus: Financials, Risk Factors, and Due Diligence Required</h1> The Securities and Exchange Board of India (SEBI) regulations for issuing Indian Depository Receipts (IDRs) require detailed disclosures in the prospectus. These include general instructions for content, financial statements, risk factors, recent developments, and market price information. The prospectus must provide comprehensive information about the issuing company, its capital structure, management, and financial performance. It should also detail the terms of the IDR issuance, investor rights, taxation, and regulatory approvals. A due diligence certificate from the lead merchant banker is mandatory, ensuring compliance with regulations and the accuracy of disclosures. The abridged prospectus must correspond to the full prospectus, providing essential information in a concise format.