Mumbai:Reliance Jio Infocomm is expected to take a major step toward its long-awaited public listing by filing draft IPO papers within the next few days. According to reports, the company could submit its documents ahead of Reliance Industries Chairman Mukesh Ambani’s annual address to shareholders. The proposed IPO is expected to raise around $4 billion, making it one of the largest public offerings in India’s corporate history.

Initially, Jio’s IPO was expected to be mainly as an offer-for-sale by existing shareholders. However, reports suggest the company is considering a fresh issue of shares, which would allow it to raise new capital directly for future expansion.