Reliance Industries Limited has made significant changes to the ownership structure of its subsidiary, Reliance Enterprise Intelligence Limited (REIL), by completing a substantial share allotment valued at Rs 853.20 crore. REIL issued 85,31,75,000 equity shares with a face value of Rs 10 each, establishing a strategic partnership with global tech giant Meta Platforms, Inc.
In this share allotment, 59,66,22,500 shares worth Rs 596.60 crore were assigned to Reliance Intelligence Limited, a wholly owned subsidiary of Reliance Industries. Additionally, 25,65,52,500 shares valued at Rs 256.60 crore were allocated to Facebook Overseas, Inc., a wholly owned subsidiary of Meta Platforms.
Following this transaction, Reliance Intelligence Limited now holds a 70% stake in REIL, while Facebook Overseas possesses the remaining 30%. Consequently, REIL transitions from being a wholly owned subsidiary of Reliance Industries to a step-down subsidiary with Meta Platforms as a minority partner.
The company has confirmed that all necessary approvals for this investment have been secured. Notably, the transaction between REIL and Facebook Overseas is not considered a related party transaction, while the allotment to Reliance Intelligence Limited falls under this category but has been conducted at an arm’s length.
Reliance Industries emphasized that none of its promoters, promoter group, or group companies have any involvement in this transaction. The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This development follows previous disclosures made on August 29, 2025, September 10, 2025, and October 25, 2025, indicating the ongoing partnership discussions. The formal intimation regarding the allotment was received by Reliance Industries on February 25, 2026, at 6:40 p.m. IST, as confirmed by Company Secretary and Compliance Officer Savithri Parekh.
