Reliance Industries has formalised its artificial intelligence (AI) partnership with Meta Platforms through a newly incorporated joint venture company, Reliance Enterprise Intelligence (REIL).

The joint venture, created under RIL’s wholly-owned AI arm, Reliance Intelligence, was incorporated on October 24 and will develop, market and distribute enterprise AI services in India.

According to RIL’s stock exchange filing, Reliance Intelligence has invested Rs 2 crore as initial capital for REIL’s incorporation. Under the amended and restated joint venture agreement, Reliance Intelligence will hold a 70% stake in REIL, while

Facebook Overseas—a wholly-owned subsidiary of Meta Platforms—will own the remaining 30%, RIL said in its filing.

Both partners have committed a total initial invest

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