Mumbai, October 27 (Udaipur Kiran): Shares of Reliance Industries Ltd (RIL) gained over 2 per cent in Monday’s trade after the company announced the incorporation of a new wholly owned subsidiary under its arm, Reliance Intelligence.

The stock was trading at ₹1,480.70, up ₹29.25 or 2.02%, from its previous close of ₹1,451.45 on the BSE. The scrip opened at ₹1,461.25 and touched an intraday high of ₹1,483.35 and a low of ₹1,458.70. Around 1.50 lakh shares changed hands on the counter.

RIL’s 52-week high stands at ₹1,551.00 (July 9, 2025) and the 52-week low at ₹1,115.55 (April 7, 2025). The company’s market capitalisation currently stands at ₹20,04,971.15 crore. Promoters hold 50.01%, while institutions and non-institutions hold 39.07% and 10.91%, respectively.

Reliance Industries announced that its subsidiary, Reliance Intelligence, has incorporated a new entity named Reliance Enterprise Intelligence (REIL) on October 24, 2025, with an initial investment of ₹2 crore through 20,00,000 equity shares of ₹10 each.

REIL, incorporated in India, will later become a joint venture company under an amended and restated joint venture agreement with Facebook Overseas, Inc., a wholly owned subsidiary of Meta Platforms, Inc. (Meta).

The new company, Reliance Enterprise Intelligence (REIL), will focus on developing, marketing, and distributing enterprise AI services. As per the agreement, Reliance Intelligence will hold 70%, while Facebook will hold 30% stake in the venture. Both partners have jointly committed an initial investment of around ₹855 crore.

Reliance Industries Ltd, India’s largest private sector company, operates across multiple sectors including hydrocarbon exploration, petroleum refining, petrochemicals, retail, and digital services through its 4G and upcoming 5G ventures.