MUMBAI, Aug. 28 -- India's markets regulator has approved the initial public offering (IPO) of Jio Platforms Ltd, clearing the way for what could become the country's largest stock listing.

The Securities and Exchange Board of India (Sebi) issued its observation letter on the company's draft prospectus on Friday.

"The company can now formally begin marketing the offer, with management directly getting involved," a person aware of the developments told Mint. "Initial conversations have indicated strong demand from global investors, including sovereign and pension funds."

Jio Platforms plans to list on the stock exchanges within the next couple of months, the person added.

A spokesperson for the company did not immediately respond to Mi...