Mumbai, Oct. 25 -- 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 restric...