According to people familiar with the matter, Jio Platforms Ltd. may seek a valuation of around 11 trillion rupees in its planned initial public offering, which is lower than market expectations. Previously, the market expected the company to be the largest IPO in Indian history. People familiar with the matter said that the telecommunications and digital services department of Reliance Industries Ltd., a subsidiary of billionaire Ambani, has completed a demand survey for this launch, and it is expected that meetings with potential investors will begin this week to discuss valuation and pricing matters.

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