India, Oct. 10 -- Reliance Jio Platforms Limited, the telecommunication and digital services unit of Reliance Industries Limited, has plans for an eagerly anticipated initial public offering (IPO) that can be India's largest-ever public issue of shares. The firm, owned by the business tycoon Mr. Mukesh Ambani, is said to have planned for an offer at a range of Rs.1,065 to Rs.1,119 per share.

According to the press sources, Jio Platforms plans for a valuation of up to Rs.10.3 lakh crore, which equals around $107 billion. If the share offer happens at the upper limit of the proposed price range, then the IPO might raise around Rs.30,200 crore, outperforming the record public issue of Hyundai Motor India in October 2024. The IPO will genera...