Reliance Industries surges as its arm incorporates wholly owned subsidiary
Reliance Industries is currently trading at Rs. 1480.70, up by 29.25 points or 2.02% from its previous closing of Rs. 1451.45 on the BSE.
The scrip opened at Rs. 1461.25 and has touched a high and low of Rs. 1483.35 and Rs. 1458.70 respectively. So far 150987 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1551.00 on 09-Jul-2025 and a 52 week low of Rs. 1115.55 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1483.35 and Rs. 1435.00 respectively. The current market cap of the company is Rs. 2004971.15 crore.
The promoters holding in the company stood at 50.01%, while Institutions and Non-Institutions held 39.07% and 10.91% respectively.
Reliance Industries’ wholly owned subsidiary -- Reliance Intelligence has incorporated Reliance Enterprise Intelligence (REIL) on October 24, 2025. Reliance Intelligence will invest an amount of Rs 2 crore towards initial subscription of 20,00,000 equity shares of Rs 10 each.
REIL, incorporated in India as a wholly owned subsidiary of Reliance Intelligence, will become the joint venture company as per the amended and restated joint venture agreement (JV Agreement) with Facebook Overseas, Inc. (Facebook), a wholly owned subsidiary of Meta Platforms, Inc. (Meta).
REIL will be engaged, inter alia, in developing, marketing and distributing enterprise AI services. In accordance with the JV Agreement, Reliance Intelligence will hold 70% and Facebook will hold the balance 30% in REIL. Reliance Intelligence and Facebook have jointly committed an initial investment of?around Rs 855?crore.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
