Brief Overview:
A new format of the abridged prospectus for public issues of non-convertible debt securities and/or non-convertible redeemable preference shares has been proposed.
The erstwhile format as prescribed under the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 shall stand replaced for all the issuances from 01st October 2023 onwards.
The new framework aims to provide critical information and makes it reader-friendly to comprehend the most essential terms of the offer with a quick glance.
JC Takeaways:
These modifications and the introduction of the new format of the Abridged Prospectus aim at further enhancing the framework for the public issue of non-convertible securities and/or non-convertible redeemable preference shares.
For further details, please see:
For any queries/clarifications, please feel free to ping us and we will be happy to chat:
● Ms. Apurva Kanvinde (apurva.kanvinde@jclex.com)
● Ms. Apurva Kanvinde (apurva.kanvinde@jclex.com)
● Mr. Smit Parekh (smit.parekh@jclex.com)
● Mr. Mannan Gala (mannan.gala@jclex.com)
