RIL's subsidiary Reliance Enterprise Intelligence Ltd to become JV company with Facebook

Reliance Intelligence Limited ("Reliance Intelligence"), a wholly owned subsidiary of Reliance Industries Limited, has on October 24, 2025 incorporated Reliance Enterprise Intelligence Limited ("REIL"). Reliance Intelligence will invest an amount of Rs. 2 crore towards initial subscription of 20,00,000 equity shares of Rs.10 each.

REIL, incorporated in India as a wholly owned subsidiary of Reliance Intelligence, will become the joint venture company as per the amended and restated joint venture agreement ("JV Agreement") with Facebook Overseas, Inc. ("Facebook"), a wholly owned subsidiary of Meta Platforms, Inc. ("Meta"). REIL will be engaged, inter alia, in developing, marketing and distributing enterprise AI services.

In accordance with the JV Agreement, Reliance Intelligence will hold 70% and Facebook will hold the balance 30% in REIL. Reliance Intelligence and Facebook have jointly committed an initial investment of ~Rs. 855 crore.

The transaction does not fall within related party transaction and none of the Company's promoter/ promoter group / group companies have any interest in the above transaction.

Shares of Reliance Industries Limited was last trading in BSE at Rs. 1451.45 as compared to the previous close of Rs. 1448.05. The total number of shares traded during the day was 331591 in over 13990 trades.

The stock hit an intraday high of Rs. 1459.95 and intraday low of 1441.10. The net turnover during the day was Rs. 480726361.00.

Source : Equity Bulls

Keywords

RelianceIndustries INE002A01018 Subsidiary RelianceIntelligence RelianceEnterpriseIntelligence JVCompany Facebook Meta