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Reliance, Facebook form joint venture to develop enterprise AI services
The Business 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 Al 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.
Dit verhaal komt uit de October 26, 2025-editie van The Business Guardian.
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