India, June 19 -- India's capital markets could be on the verge of witnessing their biggest public offering yet after Jio Platforms, the digital and telecom arm of Reliance Industries, filed draft papers for an initial public offering (IPO) that could raise approximately Rs 36,000 crore (USD 3.8 billion). The move marks a major milestone in the evolution of one of India's most influential technology companies and signals the next phase of growth for the country's digital economy.

The announcement was made by Reliance Industries Chairman Mukesh Ambani during the group's annual general meeting, where he confirmed that the board had approved the draft prospectus for the listing. The filing has subsequently been submitted to the Securities a...