Mukesh Ambani-led Reliance Industries (RIL) ​aims to file ‌a draft red herring ​prospectus for ​the initial public ⁠offering of ​its digital and telecom ​unit, Jio Platforms, as early as ​the ​end of this month, reported ‌Bloomberg ⁠News on Tuesday, citing sources ​familiar ​with ⁠the matter. However, Business Today could ​not immediately ​verify ⁠the report.

India’s largest conglomerate formally kicked off preparations for the IPO on Tuesday as it appointed as many as 17 bankers to manage the issue. Morgan Stanley, HSBC Holdings, JP Morgan, Citigroup and Goldman Sachs Group are among nine global banks selected for advisory roles, said the report citing sources who requested anonymity for the information.

On the domestic front, the company has appointed Kotak Mahindra Capital Company, Axis Capital, JM Financial and SBI Capital Markets to manage the issue. Jio Platform’s could be the biggest IPO in Indian history and first by Mukesh Ambani-led Reliance Group in nearly two decades.

India recently has introduced a key reform to its listing framework, which eased the dilution norms for mega-IPO bound companies. The government issued a gazette notification on Friday, allowing companies with a post-issue market value exceeding Rs 5 lakh crore ($54 billion) to dilute as little as 2.5 per cent of their equity in an IPO.