Reliance Industries Limited (RIL) restructures Reliance Enterprise Intelligence Limited (REIL) stake; Meta subsidiary acquires 30% stake

Exam-focused facts from the 2 March 2026 current affairs briefing.

Key facts

Reliance Enterprise Intelligence Limited (REIL) allotted 85,31,75,000 equity shares of face value Rs 10 each at par.
Reliance Intelligence Limited, a wholly owned subsidiary of Reliance Industries Limited (RIL), received 59,66,22,500 equity shares aggregating Rs 596.6 crore.
Facebook Overseas Inc, a wholly owned subsidiary of Meta Platforms Inc, received 25,65,52,500 equity shares aggregating Rs 256.6 crore.
Post allotment, Reliance Intelligence Limited holds 70% of REIL's total equity capital and Facebook Overseas Inc holds 30%.
REIL has ceased to be a step-down wholly owned subsidiary of RIL and has become a step-down subsidiary.