Reliance, Facebook form joint venture to develop enterprise AI services
The Sunday Guardian
|October 26, 2025
Reliance Industries Limited (RIL) has announced that its subsidiary, Reliance Intelligence Limited, will form a joint venture company with Facebook Overseas, Inc., a wholly owned arm of Meta Platforms, Inc.
The new entity, named Reliance Enterprise Intelligence Limited (REIL), will focus on “developing, marketing and distributing enterprise AI services”, according to a company statement released on Saturday.
As per the amended and restated joint venture agreement, Reliance Intelligence will hold 70 per cent, while Facebook will own the remaining 30 per cent stake in REIL. The two partners have jointly committed an initial investment of approximately Rs 855 crore, marking a significant collaboration between two of the world’s largest conglomerates.
यह कहानी The Sunday Guardian के October 26, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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