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Shares of Reliance Industries Ltd (RIL) rose 2% on October 27 after it was disclosed that Meta Platforms Inc.’s Facebook Overseas will acquire a 30% stake in the AI venture floated by Mukesh Ambani-led Reliance Industries. Reliance will retain a 70% stake in the new entity, Reliance Enterprise Intelligence Ltd (REIL), according to a stock exchange filing. Joint Investment in AI Venture Both Reliance and Facebook will jointly invest an initial Rs 855 crore in the venture, which will develop, market, and distribute enterprise-level AI services. At 10:40 a.m., RIL shares were trading 2% higher at Rs 1,480.6 apiece on the NSE, making it one of the top Nifty gainers of the day. The stock has gained nearly 22% so far in 2025, compared with the Nifty’s 9.6% rise during the same period. Details of the Joint Venture According to the filing, Reliance Intelligence Ltd, incorporated on October 24, 2025, will house the joint venture entity REIL. The filing stated: “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 with Facebook Overseas, Inc., a wholly-owned subsidiary of Meta Platforms, Inc.” REIL, which was first announced at RIL’s Annual General Meeting (AGM) on August 29, will focus on offering affordable, scalable, and secure AI services for enterprises across India. A “Major Step” in India’s AI Push Brokerage firm Investec described the JV as a “major step in India’s AI-driven digital growth”, calling it a strategic collaboration that combines Reliance’s digital infrastructure and network strength with Meta’s AI expertise to deliver next-generation solutions. Building India’s AI Infrastructure At the AGM, RIL Chairman Mukesh Ambani said Reliance Intelligence has been envisioned with four core missions — to build India’s next-generation AI infrastructure, attract global partnerships, create AI services for India, and nurture AI talent. He also revealed that work has already begun on gigawatt-scale, AI-ready data centres in Jamnagar, which will be delivered in phases and powered by Reliance’s new-energy ecosystem. These centres will be “custom-made for AI training and inference,” Ambani said. Global Collaboration and AI for All Ambani added that Reliance Intelligence will cater to global collaborations, bringing together technology leaders and open-source communities. The AI services will target consumers, small businesses, and enterprises, as well as sectors of national importance such as education, healthcare, and agriculture. “Reliance Intelligence will create a home for world-class researchers, engineers, designers, and product builders, combining the speed of research with the rigour of engineering,” Ambani said. “Our aim is to turn ideas into innovations and applications that deliver solutions for India and the world.” Network18 and TV18 – the companies that operate news18.com – are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
