Facebook Overseas Acquires 30% Stake in REIL for Rs.256.6 Crore
In February 2026, Facebook Overseas, a wholly owned subsidiary of Meta Platforms Inc, acquired a 30% stake (25.65 crore shares) in Reliance Enterprise Intelligence Limited (REIL), a wholly owned subsidiary of Reliance Intelligence Limited (Reliance Intelligence) group, for about Rs.256.6 crores, at an average value of Rs.10 per share.
About the 30% Equity Sale of REIL to Facebook Overseas:
Issued Shares: REIL issued a total of 85.32 crore equity shares. Of these, 59.66 crore shares worth Rs.596.6 crores were allotted to RIL.
Shareholding: With this move, Reliance Intelligence holds 70% of REIL and Facebook Overseas holds 30% equity.
Disclosure: The transaction was disclosed in a stock exchange filing under Securities and Exchange Board of India (SEBI)’s Listing Regulations.
About REIL: It was incorporated to focus on enterprise Artificial Intelligence (AI) solutions. Its objectives include developing AI-based platforms and tools, providing AI services for enterprises and government institutions, creating scalable digital intelligence infrastructure, and supporting India’s growing AI ecosystem.