NEW DELHI, India — Reliance Industries Limited on Wednesday announced a restructuring of its step-down subsidiary, Reliance Enterprise Intelligence Limited, following a Rs 853.20 crore equity allotment that brings in Meta Platforms as a minority partner.
The change in ownership comes after REIL issued 85,31,75,000 equity shares with a face value of Rs 10 each at par, valuing the transaction at Rs 853.20 crore and formalizing a strategic partnership between Reliance and Meta through its overseas subsidiary.
Under the allotment, 59,66,22,500 shares worth Rs 596.60 crore were issued to Reliance Intelligence Limited, a wholly owned subsidiary of Reliance Industries. Another 25,65,52,500 shares valued at Rs 256.60 crore were allotted to Facebook Overseas, Inc., a wholly owned subsidiary of Meta Platforms.
Following the transaction, Reliance Intelligence Limited now holds a 70 percent stake in REIL, while Facebook Overseas owns the remaining 30 percent. As a result, REIL has ceased to be a step-down wholly owned subsidiary of Reliance Industries and will now operate as a step-down subsidiary with Meta Platforms as a minority shareholder.
Reliance Industries said all necessary regulatory and statutory approvals for the investment have been obtained. The company clarified that the transaction between REIL and Facebook Overseas is not a related party transaction.
However, the allotment to Reliance Intelligence Limited qualifies as a related party transaction, though it has been executed on an arm’s length basis. The company also stated that none of its promoters, promoter group entities, or group companies have any interest in the transaction.
The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Reliance Industries noted that the development follows earlier disclosures made on August 29, September 10, and October 25, 2025, indicating that the partnership had been under discussion for several months.
The company said it received formal intimation regarding the share allotment on February 25, 2026, at 6:40 p.m. IST. The disclosure was signed by company secretary and compliance officer Savithri Parekh. (Source: IANS)
