RIL shares rise 2% as Facebook picks 30% stake in its AI venture

RIL shares rise 2% as Facebook picks 30% stake in its AI venture

Shares of Reliance Industries Ltd rose 2% on October 27 after it was disclosed that Meta Platforms, Inc's Facebook Overseas will hold 30% stake in the AI venture floated by Mukesh Ambani-led RIL.

Reliance will hold 70% in Reliance Enterprise Intelligence Ltd, the company said in the filing.

Reliance Industries and Facebook will jointly invest an initial Rs 855 crore in the venture.

At 10:40 am on October 27, Reliance Industries shares on NSE were trading 2% higher at Rs 1,480.6 apiece, thus emerging as one of top Nifty gainers.

At 10:41 am, the Sensex was up 559.56 points or 0.66% at 84,771.44, and the Nifty was up 164.75 points or 0.64% at 25,959.90. About 1,971 shares advanced, 1,626 shares declined, and 164 shares were unchanged.

So far in 2025, RIL stock rose nearly 22% as against Nifty's 9.6% climb.

In the filing, the company said Reliance Intelligence Ltd on October 24, 2025 incorporated Reliance Enterprise Intelligence Ltd.

"REIL, incorporated in India as a wholly-owned subsidiary of Reliance Intelligence, will become the joint venture company as per the amended and restated joint venture agreement with Facebook Overseas, Inc. (Facebook), a wholly-owned subsidiary of Meta Platforms, Inc," it said.

REIL will develop, market and distribute enterprise AI services.

REIL was announced at RIL AGM on August 29.

Brokerage firm Investec said the JV is a "major step in India's AI-driven digital growth".

The JV is a "strategic collaboration" that combines Reliance's strong infra, digital network with META's AI expertise and will deliver affordable, secure and scalable AI services, it said.

Reliance Intelligence is conceived with four clear missions: to house India's next-generation AI infrastructure, to house global partnerships, to build AI services for India, and to foster AI talent, said RIL Chairman Mukesh Ambani at the AGM.

"Work has already begun on the gigawatt-scale, AI-ready data centres in Jamnagar. These facilities will be delivered in phases aligned to India's growing needs, powered by Reliance's new-energy ecosystem, and custom-made for AI training and inference," Ambani said.

Reliance Intelligence will also cater to global partnerships, bringing together tech titans from across the world to open-source communities.

"Reliance Intelligence will deliver trusted, easy-to-use AI services for consumers, small businesses, and enterprises, and solutions for sectors of national importance such as education, healthcare, and agriculture. The services will be reliable at scale and affordable for every Indian.

"Reliance Intelligence will create a home for world-class researchers, engineers, designers, and product builders, combining the speed of research with the rigour of engineering, so that ideas become innovations and applications, providing solutions to India and the world," Ambani said.