Shares of Reliance Industries Ltd soared 2% to touch a day’s high of Rs 1,483.50 on 27th October. This followed the company’s announcement that it has moved a step closer to launching its enterprise artificial intelligence (AI) venture with Meta.

Reliance Intelligence, a wholly owned subsidiary of Reliance Industries, announced on 25th October that it has invested Rs 2 crore. The investment was to set up Reliance Enterprise Intelligence Limited (REIL).

REIL will be a joint venture between Reliance Intelligence and Facebook Overseas, Inc., a Meta subsidiary. It aims to develop and offer enterprise AI services. This move marks a major step toward the AI collaboration announced earlier this year.

Reliance Intelligence has subscribed to 20 lakh equity shares of Rs 10 each, totaling Rs 2 crore, as part of REIL’s incorporation. Both companies have pledged a combined investment of around Rs 855 crore ($100 million). Reliance will hold a 70% stake and Meta’s Facebook Overseas will own 30%.

Reliance Chairman Mukesh Ambani had first announced the partnership at the company’s AGM on 29th August, 2025. He called it a “game changer” for digital transformation across industries.

The venture will use Meta’s open-source Llama models to build an enterprise AI Platform-as-a-Service (PaaS). This platform will help organisations deploy and manage generative AI applications securely and at scale.

It will also provide ready-to-use AI solutions for multiple sectors, including sales, IT, customer service, and finance. Additionally, it will help Meta expand its AI footprint in India.

At 11:54 AM, shares of Reliance Industries were trading 2.11% higher at Rs 1,482.30 on NSE.

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