Hi @Dipika Das
Thanks for reaching out!
I tried to replicate this issue using my trial tenant account.
As per the MS documentation, this API retrieves the content of a specific version of a driveItem and we can't get the contents of the current version.
Please find the screenshot below for reference-
Endpoint - GET /drives/{drive-id}/items/{item-id}/versions/{version-id}/content
I'm getting the contents of the drive Item file in response.
Please note that you will not get any download URL in response of GET /drives/{drive-id}/items/{item-id}/versions/{version-id}/content
However, you can get download URL for a file using GET /drives/{drive-id}/items/{item-id}
Hope this helps.
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