Sat Oct 25 10:30:00 UTC 2025: Here’s a summary of the provided text:

Reliance Industries Limited (RIL) has formed a joint venture with Facebook Overseas, Inc. named Reliance Enterprise Intelligence Limited (REIL) to develop, market, and distribute enterprise AI services in India. REIL is a step-down subsidiary with RIL holding 70% and Facebook 30% stake. The initial investment is ₹855 crore. No regulatory approvals were needed.

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Reliance & Facebook Partner to Launch AI Services in India

Mumbai – October 25, 2025: Reliance Industries Limited (RIL) has announced a significant move into the enterprise artificial intelligence sector by forming a joint venture with Facebook Overseas, Inc., a subsidiary of Meta Platforms, Inc. The new entity, Reliance Enterprise Intelligence Limited (REIL), aims to develop, market, and distribute AI services specifically tailored for Indian businesses.

RIL will hold a 70% stake in REIL, while Facebook Overseas will own the remaining 30%. The initial investment in the venture is ₹855 crore. REIL is structured as a step-down subsidiary under Reliance Intelligence Limited, a wholly-owned subsidiary of RIL.

“This partnership leverages the strengths of both Reliance and Facebook to bring cutting-edge AI solutions to the Indian market,” said a spokesperson for RIL in a statement. “We believe enterprise AI has the potential to transform businesses across various sectors, and REIL is poised to be a key player in this transformation.”

The deal has been confirmed to require no governmental or regulatory approvals.

This strategic move highlights the growing importance of AI in India and signals a strong commitment from both Reliance and Facebook to invest in and contribute to the country’s technological advancement. The venture is expected to launch its first services in the coming months.

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