Reliance Industries Limited (RIL), one of India's largest conglomerates, has reported a notable shift in its shareholding pattern during the September quarter, alongside posting strong financial results for Q2. The company has also announced a significant joint venture in the AI space.

Shareholding Pattern Changes

RIL witnessed a rebalancing of its investor base in Q2, with domestic investors increasing their stakes while foreign portfolio investors (FPIs) reduced their exposure.

Notable changes include:

• ICICI Prudential Mutual Funds increased holdings to 1.70%
• SBI Mutual Funds raised stake to 2.52%

Q2 Financial Performance

Reliance Industries reported robust financial results for the quarter:

Stock Performance

RIL shares closed at ₹1,451.00, showing a decline of 6.00% over the past month and nearly 20.00% since the beginning of the year.

New Joint Venture in AI

In a significant development, RIL's wholly-owned subsidiary, Reliance Intelligence Limited, has incorporated a new entity named Reliance Enterprise Intelligence Limited (REIL). This new company will become a joint venture with Facebook Overseas, Inc., a subsidiary of Meta Platforms, Inc.

Key details of the joint venture:

• Reliance Intelligence will hold 70% stake
• Facebook will hold 30% stake
• Initial investment commitment: ~₹855 crore
• Focus: Developing, marketing, and distributing enterprise AI services

This strategic move positions Reliance Industries to capitalize on the growing AI market, leveraging its strong domestic presence and Meta's global technology expertise.

As Reliance Industries continues to diversify its portfolio and adapt to changing market dynamics, investors will be closely watching how these developments impact the company's long-term growth strategy and market position.

Reliance Industries Limited (RIL) has taken a significant step into the world of artificial intelligence through a new joint venture with Meta Platforms, Inc. The move underscores the growing importance of AI in enterprise services and marks a notable collaboration between two global tech giants.

Key Details of the Joint Venture

• Joint Venture Name: Reliance Enterprise Intelligence Limited (REIL)
• Incorporation Date: October 24, 2025
• Parent Companies:
  • Reliance Intelligence Limited (a wholly-owned subsidiary of RIL)
  • Facebook Overseas, Inc. (a wholly-owned subsidiary of Meta Platforms, Inc.)

Ownership Structure and Investment

Business Focus

REIL aims to develop, market, and distribute enterprise AI services, potentially leveraging Reliance's strong presence in the Indian market and Meta's global expertise in technology and AI.

Regulatory and Corporate Governance

• The transaction does not fall under related party transactions.
• No governmental or regulatory approvals were required for REIL's incorporation.
• RIL received the incorporation intimation from Reliance Intelligence on October 24, 2025, at 1:19 p.m. (IST).

This strategic move by Reliance Industries showcases its commitment to expanding its technology portfolio and entering the rapidly growing field of enterprise AI services. The partnership with Meta's Facebook unit brings together Reliance's market presence in India with Meta's global tech expertise, potentially creating a powerful player in the AI services sector.

The joint venture aligns with global trends of increased focus on AI technologies and their applications in enterprise solutions. As the AI market continues to evolve, this collaboration could position both Reliance and Meta to capitalize on the growing demand for AI-driven business services in India and potentially beyond.

Investors and industry observers will likely watch closely how this joint venture develops and what innovative AI solutions it brings to the enterprise market. The success of this venture could have significant implications for both companies' future growth strategies in the technology sector.