Samyag

Corporate Actions

Back

Reliance forms new AI joint venture with Meta subsidiary

25-Oct-25 16:43 Hrs IST

REIL will serve as the joint venture vehicle with Facebook Overseas Inc., a wholly owned subsidiary of Meta Platforms Inc., under an amended joint venture agreement.

Reliance Intelligence will hold a 70% stake, while Facebook will own 30%. The partners have committed a combined initial investment of about Rs 855 crore to develop, market, and distribute enterprise AI services.

Reliance Intelligence has subscribed to 20 lakh equity shares worth Rs 2 crore in REIL as initial capital. The company said no regulatory approvals were required for this incorporation, and the transaction does not qualify as a related-party deal.

Meanwhile, on Friday, 24 October 2025, RIL said it is evaluating the implications of recent restrictions imposed by the European Union, United Kingdom, and United States on crude oil imports from Russia and export of refined products to Europe. The company added that it will comply with the EU's latest guidelines on refined product imports and will follow any directives issued by the Indian government.

RIL reiterated its commitment to India's energy security and said its operations have always adhered to international sanctions and regulatory frameworks. The company noted that its crude sourcing strategy remains diversified, ensuring stability and reliability in refinery operations to meet both domestic and export requirements, including to Europe.

RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services.

RIL's consolidated net profit jumped 9.54% to Rs 18,165 crore on 9.94% increase in revenue from operations to Rs 2,58,898 crore in Q2 FY26 over Q2 FY25.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.