New Delhi, June 19 -- Jio Platforms Ltd, the digital services arm of Reliance Industries, filed its draft red herring prospectus (DRHP) with the market regulator on Friday for what could become India's largest-ever initial public offering (IPO), with reports suggesting the issue could raise around Rs.37,700 crore.

Jio Platforms plans to issue up to 27 crore fresh equity shares, representing about 2.9% of its post-issue paid-up equity capital. The issue price will be determined through the book-building process in accordance with Sebi regulations.

The proposed listing would mark the first public offering by the Reliance group in nearly two decades and the first consumer-facing business within the conglomerate to be taken public.

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