Reliance and Meta Form JV for Enterprise AI Services via REIL
Filing Summary
Reliance Industries announced the incorporation of Reliance Enterprise Intelligence Limited (REIL) as a joint venture between its subsidiary Reliance Intelligence Limited and Facebook Overseas Inc., a Meta Platforms subsidiary. Reliance Intelligence will hold 70%, while Facebook will hold 30%. The total initial investment committed is around ₹855 crore. REIL will focus on developing and marketing enterprise AI services. No regulatory approvals were required, and the transaction does not qualify as a related party transaction.
Reliance Industries Limited announced that its wholly owned subsidiary, Reliance Intelligence Limited, has incorporated a new entity named Reliance Enterprise Intelligence Limited (REIL) on October 24, 2025. The incorporation follows amendments to the joint venture agreement between Reliance Intelligence and Facebook Overseas Inc., a wholly owned subsidiary of Meta Platforms Inc.
Reliance Intelligence will invest ₹2 crore towards the initial subscription of 20,00,000 equity shares of ₹10 each in REIL. As per the joint venture agreement, Reliance Intelligence will hold 70% of REIL, while Facebook Overseas Inc. will hold the remaining 30%. Both partners have jointly committed an initial investment of approximately ₹855 crore to the venture.
REIL will engage in the development, marketing, and distribution of enterprise artificial intelligence (AI) services. The joint venture aims to leverage technological capabilities to deliver AI-based enterprise solutions. The newly incorporated entity, REIL, will operate as a subsidiary of Reliance Intelligence and as a joint venture between Reliance and Meta group entities.
The company has stated that no governmental or regulatory approvals were required for the incorporation of REIL. Reliance Intelligence informed Reliance Industries about the incorporation on October 24, 2025, at 1:19 p.m. (IST).
The transaction does not fall within the category of related party transactions, and none of the promoter, promoter group, or group companies of Reliance Industries have any interest in the transaction.
About Reliance Industries Limited
Reliance Industries Limited is one of India’s largest conglomerates, with operations across energy, retail, digital services, and new energy segments. The company is engaged in activities ranging from oil and gas exploration to telecommunications and digital platforms through its various subsidiaries and joint ventures.
About Meta Platforms Inc.
Meta Platforms Inc. is a global technology company headquartered in the United States. Through its subsidiary Facebook Overseas Inc., Meta is engaged in developing social networking, communication, and enterprise technology platforms across global markets.
This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.