Disclosure requirements in placement documents ensure detailed issuer, financial, risk and use of proceeds information for investors. Schedule 21A requires placement memoranda to include a disclaimer that the issue is to Qualified Institutional Buyers only and to present specified core disclosures: glossary; advisers; offering summary; risk factors; detailed market price data with adjustments for capital-structure changes; audited financial statements under Indian GAAP with related schedules and notes; and full particulars on use of proceeds, capitalization, dividends, MD&A, business and industry description, governance, taxation aspects, legal proceedings and other information necessary for investor decision-making.