The capital market regulator has sought public comments on the same by April 9.
Currently, companies who plan to raise capital through a public issue are required to file a draft red herring prospectus with the market regulator with a detailed representation of all the required information that will allow investors to make informed decisions before investing in a company’s shares.
“It is proposed that the disclosures made in the DRHP and RHP of public issues shall also be made available in Audiovisual (AV) format by the issuer companies desiring to list on the main board,” Sebi said.
Further, the audiovisuals on the public issues will be in bilingual version i.e. English and Hindi, and made available in the public domain. The duration of each bilingual version of the audiovisual shall…