Facebook to hold 30% in Reliance’s AI venture; both companies to jointly invest ₹855 cr

Core Insights - Meta Platforms, Inc's Facebook Overseas will hold a 30% interest in the AI venture established by Mukesh Ambani's Reliance Industries, while Reliance will retain a 70% stake [1][3] - The joint venture, named Reliance Enterprise Intelligence Ltd (REIL), was incorporated on October 24, 2025, as a wholly-owned subsidiary of Reliance Intelligence [2] - Reliance Intelligence and Facebook have committed an initial investment of ₹855 crore (approximately $103 million) into the venture, which will focus on developing, marketing, and distributing enterprise AI services [2][3] Company Structure - Reliance Intelligence Ltd is the parent company that will oversee the operations of REIL, which is a joint venture with Facebook Overseas [2] - The joint venture agreement stipulates that Reliance Intelligence will hold a 70% stake, while Facebook will hold the remaining 30% [3] Financial Commitment - The initial investment of ₹855 crore will be used to kickstart the operations of REIL in the enterprise AI sector [1][3] - No governmental or regulatory approvals were required for the incorporation of REIL, indicating a streamlined process for establishing the joint venture [3]