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<h1>SEBI Updates Guidelines: Streamlined Disclosures, Abridged Rights Offers, Flexible Issue Prices, and Clarified Lock-In Periods for Shares.</h1> The Securities and Exchange Board of India (SEBI) has amended its Disclosure and Investor Protection Guidelines to enhance efficiency and transparency in the Indian primary market. Key changes include rationalizing disclosure requirements for listed companies, allowing abridged letters of offer for rights issues, and permitting disclosure of issue prices closer to record dates. Companies can now issue further shares after filing draft documents with SEBI, provided full disclosure is made. The lock-in period for shares in public issues is clarified to start from the date of allotment. These amendments are effective immediately and apply to all relevant offer documents.