Reliance Industries has announced a significant change in the ownership structure of its step-down subsidiary, Reliance Enterprise Intelligence Limited (REIL), following a major share allotment transaction completed on February 25, 2026.

Share Allotment Details

REIL has allotted 85,31,75,000 equity shares of face value ₹10.00 each at par value to two entities. The transaction represents a total value of ₹853.20 crore and marks a strategic partnership with Meta Platforms through its subsidiary. The allocation includes shares valued at 5.97 billion rupees to Reliance Enterprise Intelligence and 2.57 billion rupees to Facebook Overseas.

Ownership Structure Change

Following the share allotment, REIL's ownership structure has been restructured with Reliance Intelligence Limited, a wholly owned subsidiary of Reliance Industries, holding 70% of the total equity capital. Facebook Overseas, Inc., which is a wholly owned subsidiary of Meta Platforms, Inc., now holds the remaining 30% stake.

This transaction has resulted in REIL ceasing to be a step-down wholly owned subsidiary and becoming a step-down subsidiary of Reliance Industries Limited. The change represents a strategic move that brings Meta Platforms into partnership through the REIL entity.

Transaction Compliance and Approvals

The company has confirmed that all necessary approvals have been obtained for the investment. The disclosure reveals important details about the transaction's compliance status:

• The transaction between REIL and Facebook Overseas is not classified as a related party transaction
• The transaction between REIL and Reliance Intelligence is a related party transaction conducted on an arm's length basis
• None of Reliance Industries' promoter, promoter group, or group companies have any interest in the transaction

Regulatory Disclosure

This disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement follows previous disclosures made on August 29, 2025, September 10, 2025, and October 25, 2025, indicating this transaction has been in development over several months.

The formal intimation was received by Reliance Industries on February 25, 2026, at 6:40 p.m. (IST), and was signed by Company Secretary and Compliance Officer Savithri Parekh.

Reliance Industries has secured a major crude oil procurement deal, purchasing 2 million barrels of Venezuelan oil from international commodity trader Vitol. The transaction is structured for April delivery, adding substantial volume to the company's crude oil supply portfolio, according to trader sources.

Transaction Details

The oil purchase agreement represents a significant procurement activity for Reliance Industries' refining operations. The deal involves Venezuelan crude oil, sourced through Vitol, one of the world's leading independent energy trading companies.

Strategic Implications

This procurement deal demonstrates Reliance Industries' ongoing efforts to diversify its crude oil sourcing strategy. The company's refining operations require consistent and reliable crude oil supplies, and such large-volume purchases help ensure operational continuity.

The transaction with Vitol, a major player in global energy trading, reflects the company's established relationships with international commodity traders. Venezuelan crude oil adds to the company's diverse crude oil portfolio, supporting its integrated refining and petrochemicals business model.

Market Context

The 2 million barrel purchase represents a substantial volume in the crude oil trading market. Such procurement deals are essential for maintaining the supply chain requirements of large-scale refining operations like those operated by Reliance Industries.

Trader sources have confirmed the transaction details, highlighting the significance of this procurement activity in the current energy trading environment.