New Delhi, Oct. 15 -- Reliance Industries Group will become India's largest conglomerate by the combined market capitalisation of its listed companies after Jio Platforms makes its stock market debut, Kotak Mahindra Bank founder Uday Kotak said on Thursday.

Speaking at the Jio Platforms initial public offering (IPO) press conference in Mumbai ahead of the company's market debut, Kotak highlighted the significance of the upcoming listing, which is expected to strengthen the group's position in India's equity markets by giving its digital and telecom business a separate market valuation.

Kotak noted that when he was 18, in 1977, Marine Drive and Chowpatty in Mumbai were lit up to mark Reliance Industries' IPO. Nearly five decades later, h...