Reliance Industries restructures AI subsidiary; Meta to own 30% stake after allotment — Here's what you need to know

New Delhi [India], February 25 (ANI): Reliance Industries Limited informed the stock exchanges that Reliance Enterprise Intelligence Limited (REIL) has ceased to be a step-down wholly owned subsidiary of the company following a fresh equity allotment. In a disclosure submitted to the exchanges under SEBI's Regulation 30 (Listing Obligations and Disclosure Requirements) Regulations, 2015, Reliance Industries Limited stated that REIL allotted 85,31,75,000 equity shares of face value ₹10 each at par.Of the tot ...