Market regulator SEBI The Reserve Bank of India on Friday decided to offer companies’ disclosures in offer documents for public issues in audio-visual format. The move will help investors easily understand the key features of an offering. Such AVs will be prepared for all major initial public offerings (IPOs) and made available to the public.
Information will be available in English and Hindi
Initially, it will be in English and Hindi. The regulator said in a circular that this framework will apply to all DRHPs filed with SEBI on a voluntary basis on or after July 1 and mandatorily from October 1. Audio-visual will make it easier to understand the main features of the issue. SEBI said that it has been decided that audio and visual formats will also be made available for easy understanding of the disclosures made in the draft red herring prospectus (DRHP), red herring prospectus (RHP) and price range advertisement for public issues.
Beacon Trusteeship IPO will open on April 28
Beacon Trusteeship Limited aims to raise more than Rs 32 crore through an initial public offering (IPO). The company’s IPO will open on May 28 and close on May 30. Anchor (large) investors will be able to bid on May 27. The price range for the issue has been fixed at Rs 57-60 per share. After the successful completion of the IPO, the company’s shares will be listed on NSE Emerge, Beacon Trusteeship said in a statement. The IPO consists of 38.72 lakh new shares worth Rs 23.23 crore and a sale offer (OFS) of 15.48 lakh shares worth Rs 9.29 crore.
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