SEBI Introduces New Abridged Prospectus Format for Debt Securities and Preference Shares from October 2023.

The Securities and Exchange Board of India (SEBI) has issued a circular introducing a new format for the Abridged Prospectus for public issues of Non-Convertible Debt Securities and Non-convertible Redeemable Preference Shares, effective from October 1, 2023. This format aims to simplify and enhance disclosure consistency and clarity. Issuers and involved parties must ensure the Abridged Prospectus is available on their websites, and include a QR code linking to the full Prospectus. The circular mandates that disclosures be accurate, substantiated by quantitative data, and free of misleading information. Stock Exchanges are instructed to disseminate this circular to listed entities.

---

---

---