DISCLOSURES OF KEY PERFORMANCE INDICATORS IN OFFER DOCUMENT

Abstract

The amendments made to the Securities Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 [SEBI ICDR] dated 21st November, 2022 included certain provisions of great relevance to the profession of CMA mandating disclosure of Key Performance Indicators (KPI) in the offer document under the section dealing with “Basis for Issue Price†in addition to disclosures of financial indicators. This article after giving a brief introduction to the subject covers the amendments in the regulatory framework.