Facebook acquires 30% stake in Reliance’s AI venture
| Photo Credit: Reuters
Meta Platforms Inc’s Facebook Overseas will hold 30% interest in the AI venture floated by billionaire Mukesh Ambani’s Reliance Industries, according to a regulatory filing.
Reliance Intelligence, a wholly-owned subsidiary of Reliance Industries Ltd, and Facebook will jointly invest an initial ₹855 crore in the venture.
In the filing, the company said Reliance Intelligence Ltd on October 24, 2025 incorporated Reliance Enterprise Intelligence Ltd. “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. (Facebook), a wholly-owned subsidiary of Meta Platforms, Inc,” it said.
REIL will develop, market and distribute enterprise AI services.
“In accordance with the JV Agreement, Reliance Intelligence will hold 70 per cent and Facebook will hold the balance 30 per cent in REIL,” it said.
“Reliance Intelligence and Facebook have jointly committed an initial investment of Rs 855 crore.”
No governmental or regulatory approvals were required for the incorporation of REIL.
Published – October 25, 2025 02:07 pm IST
