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| NOTICES |
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| Notice No. |
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20200610-31 |
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Notice Date |
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10 Jun 2020 |
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| Category |
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Company related |
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Segment |
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Debt |
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| Subject |
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Disclosure of Financial Information in Private Placement Memorandum for Issuance of Debt Securities |
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| Content |
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This is with reference to the Disclosure of latest financial information in Private Placement Memorandum.
All market participants and issuers of Debt Securities who intend to list their Debentures/Bonds with the Exchange shall be required to adhere to following SEBI guidelines while preparing the Private Placement Memorandum.
“Issuers proposing to issue and list NCDs in case of private placement are required to disclose audited financials or limited-review financials, as applicable, in the placement memorandum. It is clarified that Audited Financials or Un-audited Financials with Limited Review, including for Stub Period, shall not be more than 6 months old from the date of Private Placement Memorandum.”
Based on above guidelines, the issuers intending to list Non-Convertible Debenture/Bonds are advised to ensure that the financial disclosures in the Private Placement Memorandum confirm to the above clarification.
Rupal Khandelwal
Sr. Manager
June 10, 2020
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