Reliance (RELIANCE) — Related Party Transaction

Reliance Industries announced the formation of Reliance Enterprise Intelligence Limited (REIL), a new joint venture with Facebook. Reliance Intelligence will hold 70% of the subsidiary, with Facebook owning 30%. The companies have jointly committed an initial investment of ₹855 crore to develop enterprise AI services.

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About Reliance Industries Limited (RELIANCE)

Oil Gas & Consumable Fuels · Petroleum Products · Listed on NSE

Market Cap: ₹18,08,488.47 Cr P/E: 21.7 ROE: 9.9% ROCE: 11.2%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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