Reliance Industries Limited — JV/Acquisition, 25-10-2025: Acquisition

Reliance Industries' subsidiary, Reliance Intelligence, has partnered with Facebook Overseas (Meta's subsidiary) to form a new joint venture, Reliance Enterprise Intelligence Limited (REIL). Reliance Intelligence will hold a controlling 70% stake in REIL, with Facebook holding 30%. The partners have committed an initial investment of ~Rs. 855 crore. REIL's strategic focus is to develop and market enterprise AI services, marking a significant expansion for Reliance into advanced technology. This collaboration leverages Meta's AI capabilities, positioning Reliance for growth in the high-potential enterprise AI sector.