– Business Standard

Markets watchdog Sebi on Friday decided to introduce audio-visual (AV) representation of disclosures made by companies in their offer documents for public issues, a move that will help investors have an easier understanding about the key features of an offer.
Such AV will be prepared and placed in the public domain for all main board public issues. The same will initially be in bilingual format — English and Hindi.
This framework will be applicable to all DRHP filed with Sebi on or after July 1 on voluntary basis and from October 1 onwards on mandatory basis, the regulator said in a circular.
It is expected that the AV will provide ease in understanding the salient features and also provide reference to various disclosures of the proposed public issue.
“It has been decided that salient disclosures made in the Draft Red Herring Prospectus (DRHP), Red Herring Prospectus (RHP) and Price Band Advertisement for public issues shall also be made available in Audio Visual format (AV) for

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